Is East Colorado Springs, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Colorado Springs is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, East Colorado Springs has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in East Colorado Springs, CO

How much do homes in East Colorado Springs, CO cost?

Median Sold Price

$402,000

$213/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$8,000(-2.0%)

Key Takeaway

Homes in East Colorado Springs have sold for 2% less than they did a month ago.

Summary: The median home sold price in East Colorado Springs was $402,000 in November 2024, down 2% from last month, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $194K$330K
+70.1%
3 $309.5K$401.5K
+29.7%
4 $425K$409K
-3.8%
5+ $470K$460K
-2.1%

Summary: East 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 70.1%, 3 bedroom homes increased by 29.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 2.1%.

Median Sold Price Compared To Nearby Neighborhoods

Parkmoor
+31.6%
Village Seven
+8.8%
East Colorado Springs
-2.0%
Palmer Park
-14.5%
Wasson
-14.7%

Housing Supply in East Colorado Springs, CO

How many homes are available in East Colorado Springs, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
216243+12.5%

Summary: The East Colorado Springs real estate market had 243 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 4854
+12.5%
3 6985
+23.2%
4 5964
+8.5%
5+ 3635
-2.8%

Summary: The East Colorado Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 2.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
22220.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Colorado Springs, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in East Colorado Springs in November 2024, the same as the previous month. Of the 22 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.

Days on Market for East Colorado Springs, CO

How long does it take to sell a home in East Colorado Springs, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
52 Days33 Days-36.0%

Summary: Homes in East Colorado Springs had an average of 33 days on market in Nov 2024, down by 36% compared to last month.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Colorado Springs are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in East Colorado Springs; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 21 Days Ago

Newest Listings in East Colorado Springs, CO

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