Is Central Colorado Springs, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Colorado Springs is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Central Colorado Springs has remained a Buyer's Market.

Key Takeaway

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

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

-$33,250(-7.9%)

Key Takeaway

Homes in Central Colorado Springs have sold for 7.9% less than they did a month ago.

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

# BEDSApr 2024May 2024CHANGE
1 $418K-
N/A
2 $490K$324.2K
-33.8%
3 $413K$400K
-3.1%
4 $389.9K$417.5K
+7.1%
5+ $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
-7.9%
Knobb Hill
-15.2%
Divine Redeemer
-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 2024May 2024CHANGE
175273+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

# BEDSApr 2024May 2024CHANGE
1 811
+37.5%
2 4180
+95.1%
3 6591
+40.0%
4 3754
+45.9%
5+ 2437
+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 2024May 2024CHANGE
1420+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Colorado Springs, you could pay more than the asking price. 40% of homes here sold above asking price last month.

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 2024May 2024CHANGE
32 Days23 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Central Colorado Springs are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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