Is 81003, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 81003 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 81003 has remained a Buyer's Market.

Key Takeaway

81003 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 81003, CO

How much do homes in 81003, CO cost?

Median Sold Price

$294,950

$204/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$92,450(+45.7%)

Key Takeaway

Homes in 81003 have sold for 45.7% more than they did a month ago.

Summary: The median home sold price in 81003 was $294,950 in October 2024, up 45.7% from last month, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $165K-
N/A
2 $175K-
N/A
3 $230K$294.9K
+28.2%
4 $445K-
N/A
5+ --
N/A

Summary: 81003 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 28.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

81003
+45.7%
81001
+12.3%
81008
+6.1%
81005
-24.0%

Housing Supply in 81003, CO

How many homes are available in 81003, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3550+42.9%

Summary: The 81003 real estate market had 50 homes for sale in October 2024, a 42.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 68
+33.3%
3 2028
+40.0%
4 47
+75.0%
5+ 47
+75.0%

Summary: The 81003 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was 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 81003, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 81003 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 81003, CO

How long does it take to sell a home in 81003, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
19 Days109 Days+451.9%

Summary: Homes in 81003 had an average of 109 days on market in Oct 2024, up by 451.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 81003 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 81003; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 13 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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