Is Northeast Colorado Springs, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Colorado Springs is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Northeast Colorado Springs has remained a Buyer's Market.

Key Takeaway

Northeast Colorado Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$52,600(+12.0%)

Key Takeaway

Homes in Northeast Colorado Springs have sold for 12% more than they did a month ago.

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

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $330K-
N/A
3 $436.5K$441K
+1.0%
4 $519K$472.5K
-9.0%
5+ $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
+26.4%
Northeast Colorado Springs
+12.0%
Garden Ranch
+6.0%
Vista Grande
+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 2024May 2024CHANGE
109208+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

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1826
+44.4%
3 3367
+103.0%
4 3774
+100.0%
5+ 1939
+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 2024May 2024CHANGE
1322+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Colorado Springs, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

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 2024May 2024CHANGE
34 Days18 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Northeast Colorado Springs, CO

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