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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Longmont is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Southwest Longmont, CO

How much do homes in Southwest Longmont, CO cost?

Median Sold Price

$760,000

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+1.3%)

Key Takeaway

Homes in Southwest Longmont have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Southwest Longmont was $760,000 in November 2024, up 1.3% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $435K-
N/A
2 $495K$500K
+1.0%
3 $617.5K$678.7K
+9.9%
4 $860K$812.5K
-5.5%
5+ $1.0M$1.1M
+5.3%

Summary: Southwest Longmont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 5.3%.

Housing Supply in Southwest Longmont, CO

How many homes are available in Southwest Longmont, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8377-7.2%

Summary: The Southwest Longmont real estate market had 77 homes for sale in November 2024, a 7.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 1613
-18.8%
3 2424
0.0%
4 2925
-13.8%
5+ 1312
-7.7%

Summary: The Southwest Longmont housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Longmont, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Southwest Longmont in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for Southwest Longmont, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days41 Days+10.7%

Summary: Homes in Southwest Longmont had an average of 41 days on market in Nov 2024, up by 10.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Southwest Longmont; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

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