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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longmont is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Longmont, CO

How much do homes in Longmont, CO cost?

Median Sold Price

$585,575

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$4,267(-0.7%)

Key Takeaway

Homes in Longmont have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Longmont was $585,575 in April 2024, down 0.7% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $320K$325K
+1.6%
2 $452K$450K
-0.4%
3 $545.7K$544.8K
-0.2%
4 $663.4K$640K
-3.5%
5+ $785K$835K
+6.4%

Summary: Longmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Cities

Johnstown-Milliken
+4.8%
Firestone
+3.6%
Erie-Frederick
-0.4%
Longmont
-0.7%

Housing Supply in Longmont, CO

How many homes are available in Longmont, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
442536+21.3%

Summary: The Longmont real estate market had 536 homes for sale in April 2024, a 21.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1013
+30.0%
2 8897
+10.2%
3 154187
+21.4%
4 117160
+36.8%
5+ 7379
+8.2%

Summary: The Longmont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 8.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
92131+42.4%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longmont, you may be able to get a good deal. 42% of homes here sold below asking price last month.

Summary: A total of 131 homes were sold or pending in Longmont in April 2024, up by 42.4% month-over-month. Of the 131 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.

Days on Market for Longmont, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
59 Days64 Days+9.0%

Summary: Homes in Longmont had an average of 64 days on market in Apr 2024, up by 9% compared to last year.

Breakdown of Home Sale Times

62 Homes Were Sold
Under 30 Days

46 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 131 homes were sold in Longmont; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% 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 10 Days Ago

Newest Listings in Longmont, CO

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