$4,155 Closing Credit*
$349,900
2,484 SqFt
4 Beds
•1 Full Bath, 3 Partial
Douglas Marsh, Listing Office: eXp Realty, LLC
Is East 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, 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
$410,000
$210/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$150(0.0%)
Key Takeaway
The sold price of homes in East Colorado Springs has remained the same since last month.
Summary: The median home sold price in East Colorado Springs was $410,000 in October 2024, the same as last month, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $194K | -28.1% |
| 3 Bedrooms | $339K | $309.5K | -8.7% |
| 4 Bedrooms | $412K | $425K | +3.2% |
| 5+ Bedrooms | $502.5K | $470K | -6.5% |
Summary: East Colorado Springs housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.1%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Wasson | $337.5K | $475K | +40.7% |
| Palmer Park | $397.4K | $425K | +6.9% |
| East Colorado Springs | $409.8K | $410K | 0.0% |
| Village Seven | $422.5K | $385K | -8.9% |
| Parkmoor | $525K | $182K | -65.3% |
Housing Supply in East Colorado Springs, CO
How many homes are available in East Colorado Springs, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 211 | 265 | +25.6% |
Summary: The East Colorado Springs real estate market had 265 homes for sale in October 2024, a 25.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 49 | 59 | +20.4% |
| 3 Bedrooms | 60 | 78 | +30.0% |
| 4 Bedrooms | 67 | 81 | +20.9% |
| 5+ Bedrooms | 33 | 42 | +27.3% |
Summary: The East Colorado Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Colorado Springs, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in East Colorado Springs in October 2024, up by 4.8% month-over-month. Of the 22 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 52 Days | +52.9% |
Summary: Homes in East Colorado Springs had an average of 52 days on market in Oct 2024, up by 52.9% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Colorado Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in East Colorado Springs; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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