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 neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Southeast Longmont is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Southeast Longmont, CO

How much do homes in Southeast Longmont, CO cost?

Median Sold Price

$475,000

$370/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,000(-1.0%)

Key Takeaway

Homes in Southeast Longmont have sold for 1% less than they did a year ago.

Summary: The median home sold price in Southeast Longmont was $475,000 in October 2024, down 1% from last year, and the median price per square foot was $370.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$282.2K
N/A
2 $390K$423.5K
+8.6%
3 $485K$450K
-7.2%
4 $487.5K$559K
+14.7%
5+ $632.5K$582.8K
-7.9%

Summary: Southeast 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 increased by 8.6%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 7.9%.

Housing Supply in Southeast Longmont, CO

How many homes are available in Southeast Longmont, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2124+14.3%

Summary: The Southeast Longmont real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 89
+12.5%
4 68
+33.3%
5+ 43
-25.0%

Summary: The Southeast 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 increased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 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. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Southeast Longmont in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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

Oct 2023Oct 2024CHANGE
25 Days15 Days-38.4%

Summary: Homes in Southeast Longmont had an average of 15 days on market in Oct 2024, down by 38.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 4 homes were sold in Southeast Longmont; 100% of homes were sold within 30 days, 0% 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

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