$3,622 Closing Credit*
$305,000
894 SqFt
3 Beds
•1 Full Bath
Richard Martin, Listing Office: Pillar Realty LLC
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
$405,000
$294/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$62,500(+18.2%)
Key Takeaway
Homes in Central Colorado Springs have sold for 18.2% more than they did a month ago.
Summary: The median home sold price in Central Colorado Springs was $405,000 in November 2024, up 18.2% from last month, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $310K | $369.5K | +19.2% |
| 3 Bedrooms | $330K | $436.5K | +32.3% |
| 4 Bedrooms | $519K | $410K | -21.0% |
| 5+ Bedrooms | $397K | $355K | -10.6% |
Summary: Central Colorado Springs 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 increased by 19.2%, 3 bedroom homes increased by 32.3%, 4 bedroom homes decreased by 21%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Hillside | $280K | $357.5K | +27.7% |
| Central Colorado Springs | $342.5K | $405K | +18.2% |
| Knobb Hill | $330K | $380K | +15.2% |
Housing Supply in Central Colorado Springs, CO
How many homes are available in Central Colorado Springs, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 251 | 288 | +14.7% |
Summary: The Central Colorado Springs real estate market had 288 homes for sale in November 2024, a 14.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 62 | 66 | +6.5% |
| 3 Bedrooms | 98 | 116 | +18.4% |
| 4 Bedrooms | 43 | 54 | +25.6% |
| 5+ Bedrooms | 34 | 37 | +8.8% |
Summary: The Central Colorado Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 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. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Central Colorado Springs in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 13% were sold at asking, and 44% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 46 Days | -12.1% |
Summary: Homes in Central Colorado Springs had an average of 46 days on market in Nov 2024, down by 12.1% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 16 homes were sold in Central Colorado Springs; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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