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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheyenne Mountain is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Cheyenne Mountain has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Cheyenne Mountain, CO

How much do homes in Cheyenne Mountain, CO cost?

Median Sold Price

$860,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$60,000(-6.5%)

Key Takeaway

Homes in Cheyenne Mountain have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in Cheyenne Mountain was $860,000 in November 2024, down 6.5% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $817.5K$332K
-59.4%
3 $1.2M$849K
-30.3%
4 $844.5K$769K
-8.9%
5+ $920K$989K
+7.5%

Summary: Cheyenne Mountain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 59.4%, 3 bedroom homes decreased by 30.3%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 7.5%.

Housing Supply in Cheyenne Mountain, CO

How many homes are available in Cheyenne Mountain, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6268+9.7%

Summary: The Cheyenne Mountain real estate market had 68 homes for sale in November 2024, a 9.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1112
+9.1%
4 2529
+16.0%
5+ 2122
+4.8%

Summary: The Cheyenne Mountain 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 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 Mountain, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Cheyenne Mountain in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for Cheyenne Mountain, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days60 Days+569.4%

Summary: Homes in Cheyenne Mountain had an average of 60 days on market in Nov 2024, up by 569.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Cheyenne Mountain; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% 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 20 Days Ago

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