Longmont, Colorado Housing Market

What stands out in Longmont?

• 3.2% of homes are vacant: among the lowest vacancy of 765 tracked cities. Empty homes are scarce, so well-priced rentals fill.
• 31% of sellers have cut their price: among the highest share of price cuts of 765 tracked cities. Many sellers have already admitted their first price was too high.
• Asking price per square foot is up 4.7% on the year: among the fastest-rising asking prices per square foot of 765 tracked cities. Sellers will price off recent gains. Comp carefully.

Are Longmont price gains broad or limited to a few ZIP codes?

Asking price per square foot in Longmont is up 4.7% over the last year. Over five years the pace has been 2.4% a year. Underwrite closer to that than to the last twelve months.

Is now a good time to buy in Longmont?

The median asking price is 19.5% below its Apr 2022 peak. Per square foot the gap is smaller: 6.4% below the Dec 2023 high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Longmont prices have risen in 82 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

Who will rent from you in Longmont?

In Longmont, 31 out of every 100 households rent. Most own their home. That share has held steady for five years. Longmont added about 2,100 renter households in five years. Renter households average 2.2 people. Two and three bedrooms fit the typical renter.

Households grew 16% in five years. The housing stock grew 15%. Demand is outrunning supply. Just 3.2% of homes sit empty. A well-priced rental fills fast here.

The median Longmont household earns $102,978 a year. Incomes here have grown 4.1% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 5.5 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. At 30% of income, a tenant on the median income can pay about $2,574 a month.

To see what one Longmont address would rent for and cash flow, run it through the app.

How does Longmont compare with other Colorado markets?

Ranked among the 38 Colorado markets we track:

• Asking price: 15th cheapest of 38. Longmont is at $566,529. Closest: Fort Collins and Brighton.
• Buyer competition: 8th most competitive of 33. Longmont is at 0.31 buyers per home. Closest: Colorado Springs and Parker.
• Time on market: 10th shortest time on market of 38. Longmont is at a median of 54 days on market. Closest: Brighton and Fort Collins.
• Price cuts: 13th most price cuts of 38. Longmont is at 31% of sellers cutting. Closest: Commerce City and Golden.

How much can you negotiate in Longmont?

For every 100 homes still for sale, 31 are under contract. In 2017–2019 at this time of year it was 76. The rest are still waiting for a buyer. About 1 in 3 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

Longmont listings spend a median 54 days on the market. There are 521 homes for sale in Longmont. That is the most in ten years. It is 11 times the low of Jan 2022. Every one of them competes with the house you want.

What to do about it

• Search Longmont homes listed 60+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

What numbers should you underwrite a Longmont deal with?

• Price growth to assume — +2.4%/yr. Longmont grew 5.3% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Longmont grows about 2.4% a year. That is the number to type in. Prices rose 4.7% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 3. 31% of Longmont listings have cut their asking price. Underwrite your exit below asking.
• Comp on price per square foot — $279/sqft. The typical Longmont listing shrank from 3,576 to 2,546 sqft since Jul 2016. So median price hides real growth: 68% per sqft versus 24% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — +5%. Homes for sale in Longmont are up 5% on last year, so your resale faces more competition than today's comps did.

Read cash flow versus appreciation and how we read these numbers, then run the numbers on a deal.

What is the median home price in Longmont?

The median asking price in Longmont is about $567,000 as of Sep 2026, down 3.4% from a year ago. The typical listing is 5% smaller than a year ago, and asking price per square foot is up 4.7%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Longmont figures cover the 4 ZIP codes with a Longmont mailing address, which can reach past city limits.

Is Longmont a buyer's or seller's market in 2026?

Buyers have more room in Longmont than usual. We compare Longmont with 2017–2019 at this time of year: there are 31 pending sales per 100 listings, against 76 then; 31% of sellers have cut their price, against 24% then; listings spend 25% more days on the market.

Are Longmont home prices going up or down?

The median asking price is 19.5% below its Apr 2022 peak. Per square foot the gap is smaller: 6.4% below the Dec 2023 high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

What is the best month to buy a house in Longmont?

Across 9 full years, Longmont asking prices ran lowest in October, about 3.5% below the year's average. They peaked in June. The most homes for sale show up in September, about 24% above the yearly average.

What price growth should I assume for Longmont?

Assume +2.4% a year. Longmont grew 5.3% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Longmont grows about 2.4% a year. That is the number to type in. Prices rose 4.7% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Longmont?

HUD's fiscal year 2026 fair market rent for Boulder County is $2,124 a month for 2 bedrooms and $2,820 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.