Is Northwest Longmont, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Longmont is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Northwest Longmont has remained a Seller's Market.

Key Takeaway

Northwest Longmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northwest Longmont, CO

How much do homes in Northwest Longmont, CO cost?

Median Sold Price

$628,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,000(-1.9%)

Key Takeaway

Homes in Northwest Longmont have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Northwest Longmont was $628,000 in October 2024, down 1.9% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $563.7K$500K
-11.3%
3 $595K$588K
-1.2%
4 $685K$650K
-5.1%
5+ $802.5K$737.4K
-8.1%

Summary: Northwest Longmont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Neighborhoods

Northwest Longmont
-1.9%
Longmont Estates
-5.7%
Hover Acres
-7.3%

Housing Supply in Northwest Longmont, CO

How many homes are available in Northwest Longmont, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5657+1.8%

Summary: The Northwest Longmont real estate market had 57 homes for sale in October 2024, a 1.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1310
-23.1%
3 2024
+20.0%
4 1515
0.0%
5+ 88
0.0%

Summary: The Northwest Longmont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1317+30.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Longmont, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Northwest Longmont in October 2024, up by 30.8% month-over-month. Of the 17 sold homes, 53% were sold under asking, 41% were sold at asking, and 6% were sold over asking.

Days on Market for Northwest Longmont, CO

How long does it take to sell a home in Northwest Longmont, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days37 Days+77.6%

Summary: Homes in Northwest Longmont had an average of 37 days on market in Oct 2024, up by 77.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Northwest Longmont has remained consistent over time.

Summary: During October 2024, 17 homes were sold in Northwest Longmont; 35% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Northwest Longmont, CO

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