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

Last month, 81005 was a Neutral 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

$200,000

$195/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$63,250(-24.0%)

Key Takeaway

Homes in 81005 have sold for 24% less than they did a month ago.

Summary: The median home sold price in 81005 was $200,000 in October 2024, down 24% from last month, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$174.9K
N/A
2 $241.4K$215K
-10.9%
3 $262.5K$233.5K
-11.0%
4 $262.5K-
N/A
5+ $660K-
N/A

Summary: 81005 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 decreased by 10.9%, 3 bedroom homes decreased by 11%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

81003
+45.7%
81004
-10.8%
81005
-24.0%

Housing Supply in 81005, CO

How many homes are available in 81005, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5373+37.7%

Summary: The 81005 real estate market had 73 homes for sale in October 2024, a 37.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1831
+72.2%
4 2023
+15.0%
5+ 913
+44.4%

Summary: The 81005 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 72.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 44.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 81005, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 81005 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
36 Days42 Days+16.8%

Summary: Homes in 81005 had an average of 42 days on market in Oct 2024, up by 16.8% compared to last month.

Breakdown of Home Sale Times

3 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

Many homes in 81005 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 81005; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 09/01/2024 - 11/01/2024

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