First American Market Report

Longmont, CO

Single-Family Homes

First American Title | 303.305.1350 | www.firstam.com/title/co



Longmont, CO

Sun Jul 12 2020
This week the median list price for Longmont, CO is $529,990 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 458. Click here to stay informed with the Longmont market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Longmont, CO

Sun Jul 12 2020
This week the median list price for Longmont, CO is $529,990 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 458. Click here to stay informed with the Longmont market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Longmont market.
Median List Price $529,990
Per Square Foot $202
Days on Market 84
Price Decreased 24%
Price Increased 5%
Relisted 28%
Inventory 458
Median Rent $2,050
Most Expensive $9,850,000
Least Expensive $225,000
Market Action 33
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,150,000 4,871 0.5 - 1 acre 4 3 21 9 6 157
$599,950 3,482 8,000 - 10,000 sqft 4 3 19 13 9 65
$485,000 2,897 6,500 - 8,000 sqft 4 2 8 19 20 61
$399,900 1,808 6,500 - 8,000 sqft 3 2 23 20 20 50