Is Colorado Springs, 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, Colorado Springs was a Seller's Market.
Housing Prices in Colorado Springs, CO
How much do homes in Colorado Springs, CO cost?
Median Sold Price
$475,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Colorado Springs was $475,000 in April 2024, down 0.2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223.5K | $330K | +47.7% |
2 Bedrooms | $330K | $330K | 0.0% |
3 Bedrooms | $412.5K | $420K | +1.8% |
4 Bedrooms | $505K | $530K | +5.0% |
5+ Bedrooms | $634.6K | $691K | +8.9% |
Summary: Colorado Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
Cheyenne Mountain | $757K | $1.1M | +45.3% |
Elsmere | $470K | $474.4K | +0.9% |
Colorado Springs | $475.8K | $475K | -0.2% |
Housing Supply in Colorado Springs, CO
How many homes are available in Colorado Springs, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,310 | 2,342 | +78.8% |
Summary: The Colorado Springs real estate market had 2,342 homes for sale in April 2024, a 78.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 37 | +42.3% |
2 Bedrooms | 167 | 298 | +78.4% |
3 Bedrooms | 447 | 777 | +73.8% |
4 Bedrooms | 407 | 711 | +74.7% |
5+ Bedrooms | 263 | 519 | +97.3% |
Summary: The Colorado Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.3%, 2 bedroom homes increased by 78.4%, 3 bedroom homes increased by 73.8%, 4 bedroom homes increased by 74.7%, and 5+ bedroom homes increased by 97.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 179 | +517.2% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
59 Homes Were Sold
Over Asking
Summary: A total of 179 homes were sold or pending in Colorado Springs in April 2024, up by 517.2% month-over-month. Of the 179 sold homes, 39% were sold under asking, 28% were sold at asking, and 33% were sold over asking.
Days on Market for Colorado Springs, CO
How long does it take to sell a home in Colorado Springs, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 30 Days | +28.4% |
Summary: Homes in Colorado Springs had an average of 30 days on market in Apr 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
127 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 179 homes were sold in Colorado Springs; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.