Is Monument, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Monument was a Seller's Market.
Key Takeaway
Monument is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monument, CO
How much do homes in Monument, CO cost?
Median Sold Price
$717,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Monument have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Monument was $717,500 in March 2024, down 2.8% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $362K | $395K | +9.1% |
| 3 Bedrooms | $582.9K | $491.3K | -15.7% |
| 4 Bedrooms | $699.5K | $713.3K | +2.0% |
| 5+ Bedrooms | $827.5K | $850K | +2.7% |
Summary: Monument housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Palmer Lake | $540K | $545K | +0.9% |
| Black Forest-Peyton | $675.9K | $669.6K | -0.9% |
| Monument | $738K | $717.5K | -2.8% |
Housing Supply in Monument, CO
How many homes are available in Monument, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 206 | +56.1% |
Summary: The Monument real estate market had 206 homes for sale in March 2024, a 56.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 11 | +120.0% |
| 3 Bedrooms | 24 | 40 | +66.7% |
| 4 Bedrooms | 51 | 72 | +41.2% |
| 5+ Bedrooms | 52 | 83 | +59.6% |
Summary: The Monument housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 120%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 59.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 29 | +93.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monument, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Monument in March 2024, up by 93.3% month-over-month. Of the 29 sold homes, 55% were sold under asking, 28% were sold at asking, and 17% were sold over asking.
Days on Market for Monument, CO
How long does it take to sell a home in Monument, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 40 Days | -23.0% |
Summary: Homes in Monument had an average of 40 days on market in Mar 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monument are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Monument; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. 
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 