Is 80863, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80863 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 80863 has remained a Buyer's Market.

Key Takeaway

80863 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80863, CO

How much do homes in 80863, CO cost?

Median Sold Price

$537,500

$282/sqft

Based on all homes sold in November 2024.

The Median Sold Price hasn't changed since October 2024.

Key Takeaway

The sold price of homes in 80863 has remained the same since last month.

Summary: The median home sold price in 80863 was $537,500 in November 2024, the same as last month, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $403K-
N/A
2 $410.1K$699K
+70.4%
3 $500K$510K
+2.0%
4 $657K$537.5K
-18.2%
5+ $888K$1.6M
+87.7%

Summary: 80863 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70.4%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 87.7%.

Median Sold Price Compared To Nearby Zip Codes

80921
+29.2%
80863
0.0%
80814
-2.6%

Housing Supply in 80863, CO

How many homes are available in 80863, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
179184+2.8%

Summary: The 80863 real estate market had 184 homes for sale in November 2024, a 2.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 1719
+11.8%
3 6973
+5.8%
4 5752
-8.8%
5+ 3235
+9.4%

Summary: The 80863 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 9.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14140.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80863, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 80863 in November 2024, the same as the previous month. Of the 14 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for 80863, CO

How long does it take to sell a home in 80863, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
60 Days55 Days-7.9%

Summary: Homes in 80863 had an average of 55 days on market in Nov 2024, down by 7.9% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 80863 has remained consistent over time.

Summary: During November 2024, 14 homes were sold in 80863; 36% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

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MLS Disclaimers and Copyright

Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., and REColorado for the period 10/01/2024 - 12/01/2024

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