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 September 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

$769,750

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$72,250(+10.4%)

Key Takeaway

Homes in Southwest Longmont have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Southwest Longmont was $769,750 in September 2024, up 10.4% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $440K-
N/A
2 $490K$499K
+1.8%
3 $620K$642.5K
+3.6%
4 $825K$839.9K
+1.8%
5+ $973.7K$1.1M
+13.8%

Summary: Southwest Longmont housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 13.8%.

Housing Supply in Southwest Longmont, CO

How many homes are available in Southwest Longmont, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8588+3.5%

Summary: The Southwest Longmont real estate market had 88 homes for sale in September 2024, a 3.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1616
0.0%
3 2124
+14.3%
4 3132
+3.2%
5+ 1615
-6.3%

Summary: The Southwest Longmont housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1719+11.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 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. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Southwest Longmont in September 2024, up by 11.8% month-over-month. Of the 19 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% 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

Sep 2023Sep 2024CHANGE
22 Days50 Days+127.3%

Summary: Homes in Southwest Longmont had an average of 50 days on market in Sep 2024, up by 127.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 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 September 2024, 19 homes were sold in Southwest Longmont; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% 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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