Is Pikes Peak, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Pikes Peak has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $650K | - | N/A |
4 Bedrooms | - | $1.4M | N/A |
5+ Bedrooms | - | $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 | $650K | $1.4M | +130.0% |
Manitou Springs | $650K | $700K | +7.7% |
Housing Supply in Pikes Peak, CO
How many homes are available in Pikes Peak, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 33 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 8 | 14 | +75.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 5 | 8 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +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
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 2024 | Apr 2024 | CHANGE |
---|---|---|
137 Days | 106 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
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.