Is 81005, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 81005 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 81005 has remained a Buyer's Market.

Key Takeaway

81005 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 81005, CO

How much do homes in 81005, CO cost?

Median Sold Price

$398,250

$233/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$183,250(+85.2%)

Key Takeaway

Homes in 81005 have sold for 85.2% more than they did a month ago.

Summary: The median home sold price in 81005 was $398,250 in November 2024, up 85.2% from last month, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $174.9K-
N/A
2 $215K-
N/A
3 $233.5K$451.5K
+93.4%
4 $237K$299.9K
+26.5%
5+ --
N/A

Summary: 81005 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 93.4%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

81005
+85.2%
81003
0.5%

Housing Supply in 81005, CO

How many homes are available in 81005, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6673+10.6%

Summary: The 81005 real estate market had 73 homes for sale in November 2024, a 10.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 53
-40.0%
3 2628
+7.7%
4 2328
+21.7%
5+ 1114
+27.3%

Summary: The 81005 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 81005, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 81005 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 81005, CO

How long does it take to sell a home in 81005, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
36 Days19 Days-47.3%

Summary: Homes in 81005 had an average of 19 days on market in Nov 2024, down by 47.3% 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 81005 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 81005; 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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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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