Is 80903, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80903 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 80903 has remained a Buyer's Market.

Key Takeaway

80903 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80903, CO

How much do homes in 80903, CO cost?

Median Sold Price

$403,539

$350/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$123,539(+44.1%)

Key Takeaway

Homes in 80903 have sold for 44.1% more than they did a month ago.

Summary: The median home sold price in 80903 was $403,539 in November 2024, up 44.1% from last month, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $280K-
N/A
2 $237.4K$356K
+49.9%
3 $365K-
N/A
4 $600K$452.5K
-24.6%
5+ --
N/A

Summary: 80903 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 49.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80903
+44.1%
80905
+14.0%
80909
-12.9%

Housing Supply in 80903, CO

How many homes are available in 80903, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6676+15.2%

Summary: The 80903 real estate market had 76 homes for sale in November 2024, a 15.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1011
+10.0%
2 2529
+16.0%
3 1721
+23.5%
4 89
+12.5%
5+ 66
0.0%

Summary: The 80903 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80903, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 80903 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 80903, CO

How long does it take to sell a home in 80903, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
86 Days27 Days-67.9%

Summary: Homes in 80903 had an average of 27 days on market in Nov 2024, down by 67.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80903 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 80903; 75% of homes were sold within 30 days, 25% 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 21 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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