Is 80911, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 80911 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 80911 has remained a Buyer's Market.

Key Takeaway

80911 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 80911, CO

How much do homes in 80911, CO cost?

Median Sold Price

$397,500

$213/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$2,500(+0.6%)

Key Takeaway

Homes in 80911 have sold for 0.6% more than they did a month ago.

Summary: The median home sold price in 80911 was $397,500 in November 2024, up 0.6% from last month, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $255K-
N/A
3 $381.7K$385K
+0.9%
4 $392.5K$422.5K
+7.6%
5+ $450K-
N/A

Summary: 80911 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 0.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

80925
+1.8%
80911
+0.6%

Housing Supply in 80911, CO

How many homes are available in 80911, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
134178+32.8%

Summary: The 80911 real estate market had 178 homes for sale in November 2024, a 32.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1519
+26.7%
3 5271
+36.5%
4 4550
+11.1%
5+ 2238
+72.7%

Summary: The 80911 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 26.7%, 3 bedroom homes increased by 36.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 72.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 80911, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 80911 in November 2024, down by 53.8% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for 80911, CO

How long does it take to sell a home in 80911, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
28 Days23 Days-18.3%

Summary: Homes in 80911 had an average of 23 days on market in Nov 2024, down by 18.3% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 80911 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 80911; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 10 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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