$3,978 Closing Credit*
$334,999
894 SqFt
3 Beds
•1 Full Bath
Kerri Kaminer, Listing Office: Serenity Springs Realty
Is Central Colorado Springs, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Central Colorado Springs has remained a Buyer's Market.
Key Takeaway
Central Colorado Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Colorado Springs, CO
How much do homes in Central Colorado Springs, CO cost?
Median Sold Price
$330,000
$246/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$130,000(-28.3%)
Key Takeaway
Homes in Central Colorado Springs have sold for 28.3% less than they did a month ago.
Summary: The median home sold price in Central Colorado Springs was $330,000 in October 2024, down 28.3% from last month, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186.9K | $280K | +49.8% |
| 2 Bedrooms | $325K | $300K | -7.7% |
| 3 Bedrooms | $501K | $330K | -34.1% |
| 4 Bedrooms | $675K | $519K | -23.1% |
| 5+ Bedrooms | $735K | $397K | -46.0% |
Summary: Central Colorado Springs housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 49.8%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 34.1%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 46%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Colorado Springs | $460K | $330K | -28.3% |
| Hillside | $409K | $280K | -31.5% |
| Knobb Hill | $521.5K | $330K | -36.7% |
Housing Supply in Central Colorado Springs, CO
How many homes are available in Central Colorado Springs, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 240 | 308 | +28.3% |
Summary: The Central Colorado Springs real estate market had 308 homes for sale in October 2024, a 28.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 19 | 0.0% |
| 2 Bedrooms | 59 | 73 | +23.7% |
| 3 Bedrooms | 87 | 123 | +41.4% |
| 4 Bedrooms | 38 | 49 | +28.9% |
| 5+ Bedrooms | 37 | 44 | +18.9% |
Summary: The Central Colorado Springs 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 increased by 23.7%, 3 bedroom homes increased by 41.4%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 18.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Colorado Springs, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Central Colorado Springs in October 2024, up by 11.8% month-over-month. Of the 19 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for Central Colorado Springs, CO
How long does it take to sell a home in Central Colorado Springs, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 54 Days | +79.6% |
Summary: Homes in Central Colorado Springs had an average of 54 days on market in Oct 2024, up by 79.6% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Colorado Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Central Colorado Springs; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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