Is 80951, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80951 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 80951 was a Seller's Market.

Key Takeaway

80951 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80951, CO

How much do homes in 80951, CO cost?

Median Sold Price

$425,000

$253/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$95,000(-18.3%)

Key Takeaway

Homes in 80951 have sold for 18.3% less than they did a month ago.

Summary: The median home sold price in 80951 was $425,000 in August 2024, down 18.3% from last month, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 $343K-
N/A
3 -$400K
N/A
4 -$450K
N/A
5+ $523.7K-
N/A

Summary: 80951 housing prices by bedroom type for August 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80939
+9.2%
80915
+2.1%
80922
-6.4%
80951
-18.3%

Housing Supply in 80951, CO

How many homes are available in 80951, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1624+50.0%

Summary: The 80951 real estate market had 24 homes for sale in August 2024, a 50.0% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 22
0.0%
3 613
+116.7%
4 69
+50.0%
5+ 20
-100.0%

Summary: The 80951 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 116.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80951, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 80951 in August 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 80951, CO

How long does it take to sell a home in 80951, CO?

Average Sale Time

Jul 2024Aug 2024CHANGE
46 Days5 Days-89.3%

Summary: Homes in 80951 had an average of 5 days on market in Aug 2024, down by 89.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80951 are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 2 homes were sold in 80951; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 19 Days Ago

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Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., and REColorado for the period 07/01/2024 - 09/01/2024

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