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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old South Longmont is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Old South Longmont was a Seller's Market.

Key Takeaway

Old South Longmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Old South Longmont, CO

How much do homes in Old South Longmont, CO cost?

Median Sold Price

$574,000

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$56,000(-8.9%)

Key Takeaway

Homes in Old South Longmont have sold for 8.9% less than they did a year ago.

Summary: The median home sold price in Old South Longmont was $574,000 in December 2024, down 8.9% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $405K$280K
-30.9%
2 $471K$475K
+0.8%
3 $590K$546.5K
-7.4%
4 $960K$775K
-19.3%
5+ $1.1M$894.5K
-23.9%

Summary: Old South Longmont housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.9%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes decreased by 23.9%.

Housing Supply in Old South Longmont, CO

How many homes are available in Old South Longmont, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1817-5.6%

Summary: The Old South Longmont real estate market had 17 homes for sale in December 2024, a 5.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1010
0.0%
4 32
-33.3%
5+ 43
-25.0%

Summary: The Old South Longmont housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old South Longmont, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Old South Longmont in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Old South Longmont, CO

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

Average Sale Time

Dec 2023Dec 2024CHANGE
17 Days82 Days+376.0%

Summary: Homes in Old South Longmont had an average of 82 days on market in Dec 2024, up by 376% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Old South Longmont are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Old South Longmont; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

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