Is Central Colorado Springs, 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, Central Colorado Springs has remained a Buyer's Market.
Housing Prices in Central Colorado Springs, CO
How much do homes in Central Colorado Springs, CO cost?
Median Sold Price
$386,250
$271/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Central Colorado Springs was $386,250 in May 2024, down 7.9% from last month, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $418K | - | N/A |
2 Bedrooms | $490K | $324.2K | -33.8% |
3 Bedrooms | $413K | $400K | -3.1% |
4 Bedrooms | $389.9K | $417.5K | +7.1% |
5+ Bedrooms | $594.9K | $340K | -42.9% |
Summary: Central Colorado Springs housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.8%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 42.9%.
Median Sold Price Compared To Nearby Neighborhoods
Central Colorado Springs | $419.5K | $386.2K | -7.9% |
Knobb Hill | $330K | $280K | -15.2% |
Divine Redeemer | $473K | $400K | -15.4% |
Housing Supply in Central Colorado Springs, CO
How many homes are available in Central Colorado Springs, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
175 | 273 | +56.0% |
Summary: The Central Colorado Springs real estate market had 273 homes for sale in May 2024, a 56.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 41 | 80 | +95.1% |
3 Bedrooms | 65 | 91 | +40.0% |
4 Bedrooms | 37 | 54 | +45.9% |
5+ Bedrooms | 24 | 37 | +54.2% |
Summary: The Central Colorado Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 95.1%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 45.9%, and 5+ bedroom homes increased by 54.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Central Colorado Springs in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for Central Colorado Springs, CO
How long does it take to sell a home in Central Colorado Springs, CO?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 Days | 23 Days | -28.6% |
Summary: Homes in Central Colorado Springs had an average of 23 days on market in May 2024, down by 28.6% compared to last month.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Central Colorado Springs; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.