Is Pikes Peak, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pikes Peak is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Pikes Peak has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Pikes Peak, CO

How much do homes in Pikes Peak, CO cost?

Median Sold Price

$1,495,000

$314/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$845,000(+130.0%)

Key Takeaway

Homes in Pikes Peak have sold for 130% more than they did a month ago.

Summary: The median home sold price in Pikes Peak was $1,495,000 in April 2024, up 130% from last month, and the median price per square foot was $314.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $650K-
N/A
4 -$1.4M
N/A
5+ -$1.1M
N/A

Summary: Pikes Peak housing prices by bedroom type for April 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 Cities

Pikes Peak
+130.0%
Manitou Springs
+7.7%

Housing Supply in Pikes Peak, CO

How many homes are available in Pikes Peak, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2033+65.0%

Summary: The Pikes Peak real estate market had 33 homes for sale in April 2024, a 65.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 814
+75.0%
4 57
+40.0%
5+ 58
+60.0%

Summary: The Pikes Peak 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 75%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pikes Peak, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Pikes Peak in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Pikes Peak, CO

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

Average Sale Time

Mar 2024Apr 2024CHANGE
137 Days106 Days-22.4%

Summary: Homes in Pikes Peak had an average of 106 days on market in Apr 2024, down by 22.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pikes Peak are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 3 homes were sold in Pikes Peak; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 16 Days Ago

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