Is 80864, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80864 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 80864 has remained a Buyer's Market.

Key Takeaway

80864 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80864, CO

How much do homes in 80864, CO cost?

Median Sold Price

$550,000

$195/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$343,000(+165.7%)

Key Takeaway

Homes in 80864 have sold for 165.7% more than they did a month ago.

Summary: The median home sold price in 80864 was $550,000 in October 2024, up 165.7% from last month, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $207K$550K
+165.7%
4 --
N/A
5+ --
N/A

Summary: 80864 housing prices by bedroom type for October 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 increased by 165.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80864
+165.7%
80808
+97.6%

Housing Supply in 80864, CO

How many homes are available in 80864, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1924+26.3%

Summary: The 80864 real estate market had 24 homes for sale in October 2024, a 26.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 00
0.0%
3 1011
+10.0%
4 57
+40.0%
5+ 22
0.0%

Summary: The 80864 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80864, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 80864 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 80864, CO

How long does it take to sell a home in 80864, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
83 Days21 Days-74.9%

Summary: Homes in 80864 had an average of 21 days on market in Oct 2024, down by 74.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80864 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 80864; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

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Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., and REColorado for the period 09/01/2024 - 11/01/2024

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