$7,125 Closing Credit*
$600,000
2,558 SqFt
3 Beds
•2 Full Baths, 1 Partial
Adrienne Seabloom, Listing Office: RE/MAX Advantage Realty, Inc.
Is Cheyenne Mountain, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$865,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$120,000(-12.2%)
Key Takeaway
Homes in Cheyenne Mountain have sold for 12.2% less than they did a year ago.
Summary: The median home sold price in Cheyenne Mountain was $865,000 in October 2024, down 12.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $817.5K | $332K | -59.4% |
| 3 Bedrooms | $2.0M | $849.5K | -57.5% |
| 4 Bedrooms | $550K | $769K | +39.8% |
| 5+ Bedrooms | $985K | $987K | 0.2% |
Summary: Cheyenne Mountain housing prices by bedroom type for October 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 57.5%, 4 bedroom homes increased by 39.8%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in Cheyenne Mountain, CO
How many homes are available in Cheyenne Mountain, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 81 | +26.6% |
Summary: The Cheyenne Mountain real estate market had 81 homes for sale in October 2024, a 26.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 23 | 30 | +30.4% |
| 5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The Cheyenne Mountain 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 14.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheyenne Mountain, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cheyenne Mountain in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 73 Days | +35.2% |
Summary: Homes in Cheyenne Mountain had an average of 73 days on market in Oct 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cheyenne Mountain are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Cheyenne Mountain; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. 
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 