Is Cheyenne Hills, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheyenne Hills is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Cheyenne Hills was a Seller's Market.

Key Takeaway

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

Housing Prices in Cheyenne Hills, CO

How much do homes in Cheyenne Hills, CO cost?

Median Sold Price

$338,250

$196/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$79,250(-19.0%)

Key Takeaway

Homes in Cheyenne Hills have sold for 19% less than they did a month ago.

Summary: The median home sold price in Cheyenne Hills was $338,250 in November 2024, down 19% from last month, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $237.5K$192.5K
-18.9%
3 $417.5K-
N/A
4 $520K$484K
-6.9%
5+ --
N/A

Summary: Cheyenne Hills 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 decreased by 18.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Central Colorado Springs
+18.2%
Southwest Colorado Springs
+6.5%
Cheyenne Hills
-19.0%

Housing Supply in Cheyenne Hills, CO

How many homes are available in Cheyenne Hills, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1615-6.3%

Summary: The Cheyenne Hills real estate market had 15 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 43
-25.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Cheyenne Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheyenne Hills, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cheyenne Hills in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cheyenne Hills, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
23 Days28 Days+21.7%

Summary: Homes in Cheyenne Hills had an average of 28 days on market in Nov 2024, up by 21.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Cheyenne Hills are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Cheyenne Hills; 50% of homes were sold within 30 days, 50% 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 3 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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Last updated on: 12/3/2024, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Last updated on: 12/4/2024, 12:57:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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