Is 80909, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80909 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 80909 has remained a Buyer's Market.

Key Takeaway

80909 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80909, CO

How much do homes in 80909, CO cost?

Median Sold Price

$370,000

$227/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$55,000(-12.9%)

Key Takeaway

Homes in 80909 have sold for 12.9% less than they did a month ago.

Summary: The median home sold price in 80909 was $370,000 in November 2024, down 12.9% from last month, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$437.5K
N/A
3 $334K$360K
+7.8%
4 $425K$377K
-11.3%
5+ $457.5K$395K
-13.7%

Summary: 80909 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 did not change, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 13.7%.

Median Sold Price Compared To Nearby Zip Codes

80903
+44.1%
80915
-6.7%
80909
-12.9%

Housing Supply in 80909, CO

How many homes are available in 80909, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
135160+18.5%

Summary: The 80909 real estate market had 160 homes for sale in November 2024, a 18.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 1417
+21.4%
3 5056
+12.0%
4 4153
+29.3%
5+ 2630
+15.4%

Summary: The 80909 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80909, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 80909 in November 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.

Days on Market for 80909, CO

How long does it take to sell a home in 80909, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
15 Days63 Days+309.1%

Summary: Homes in 80909 had an average of 63 days on market in Nov 2024, up by 309.1% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80909 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 80909; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% 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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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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