Is Cheyenne Mountain, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cheyenne Mountain was a Seller's Market.
Housing Prices in Cheyenne Mountain, CO
How much do homes in Cheyenne Mountain, CO cost?
Median Sold Price
$1,100,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cheyenne Mountain was $1,100,000 in April 2024, up 45.3% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $835K | $340K | -59.3% |
3 Bedrooms | $1.4M | - | N/A |
4 Bedrooms | $530K | $892K | +68.3% |
5+ Bedrooms | $774K | $1.9M | +145.5% |
Summary: Cheyenne Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 59.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 68.3%, and 5+ bedroom homes increased by 145.5%.
Median Sold Price Compared To Nearby Cities
Cheyenne Mountain | $757K | $1.1M | +45.3% |
Colorado Springs | $475.8K | $475K | -0.2% |
Housing Supply in Cheyenne Mountain, CO
How many homes are available in Cheyenne Mountain, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 69 | +76.9% |
Summary: The Cheyenne Mountain real estate market had 69 homes for sale in April 2024, a 76.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 8 | 15 | +87.5% |
4 Bedrooms | 10 | 16 | +60.0% |
5+ Bedrooms | 17 | 31 | +82.4% |
Summary: The Cheyenne Mountain housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 87.5%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 82.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Cheyenne Mountain in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Cheyenne Mountain, CO
How long does it take to sell a home in Cheyenne Mountain, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 11 Days | -24.1% |
Summary: Homes in Cheyenne Mountain had an average of 11 days on market in Apr 2024, down by 24.1% compared to last year.
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
Summary: During April 2024, 2 homes were sold in Cheyenne Mountain; 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.