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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeast Longmont is a buyer's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Southeast Longmont, CO

How much do homes in Southeast Longmont, CO cost?

Median Sold Price

$460,000

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$35,000(-7.1%)

Key Takeaway

Homes in Southeast Longmont have sold for 7.1% less than they did a year ago.

Summary: The median home sold price in Southeast Longmont was $460,000 in December 2024, down 7.1% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$282.2K
N/A
2 $402.5K$427K
+6.1%
3 $477.5K$442.1K
-7.4%
4 $517K$557K
+7.7%
5+ $650K$515K
-20.8%

Summary: Southeast Longmont housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 20.8%.

Housing Supply in Southeast Longmont, CO

How many homes are available in Southeast Longmont, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2324+4.3%

Summary: The Southeast Longmont real estate market had 24 homes for sale in December 2024, a 4.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 55
0.0%
3 99
0.0%
4 78
+14.3%
5+ 22
0.0%

Summary: The Southeast 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were 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 Southeast Longmont, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Southeast Longmont in December 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Southeast Longmont, CO

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

Average Sale Time

Dec 2023Dec 2024CHANGE
11 Days97 Days+731.4%

Summary: Homes in Southeast Longmont had an average of 97 days on market in Dec 2024, up by 731.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in Southeast Longmont; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

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