Is Northeast Colorado Springs, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Northeast Colorado Springs has remained a Buyer's Market.
Housing Prices in Northeast Colorado Springs, CO
How much do homes in Northeast Colorado Springs, CO cost?
Median Sold Price
$492,500
$219/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Northeast Colorado Springs was $492,500 in May 2024, up 12% from last month, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $330K | - | N/A |
3 Bedrooms | $436.5K | $441K | +1.0% |
4 Bedrooms | $519K | $472.5K | -9.0% |
5+ Bedrooms | $443K | $575K | +29.8% |
Summary: Northeast Colorado Springs housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 29.8%.
Median Sold Price Compared To Nearby Neighborhoods
Pulpit Rock | $567.7K | $717.5K | +26.4% |
Northeast Colorado Springs | $439.9K | $492.5K | +12.0% |
Garden Ranch | $519K | $550K | +6.0% |
Vista Grande | $407K | $413K | +1.5% |
Housing Supply in Northeast Colorado Springs, CO
How many homes are available in Northeast Colorado Springs, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 208 | +90.8% |
Summary: The Northeast Colorado Springs real estate market had 208 homes for sale in May 2024, a 90.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 26 | +44.4% |
3 Bedrooms | 33 | 67 | +103.0% |
4 Bedrooms | 37 | 74 | +100.0% |
5+ Bedrooms | 19 | 39 | +105.3% |
Summary: The Northeast Colorado Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 103%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 105.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Northeast Colorado Springs in May 2024, up by 69.2% month-over-month. Of the 22 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for Northeast Colorado Springs, CO
How long does it take to sell a home in Northeast Colorado Springs, CO?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 Days | 18 Days | -46.2% |
Summary: Homes in Northeast Colorado Springs had an average of 18 days on market in May 2024, down by 46.2% compared to last month.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Northeast Colorado Springs; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.