$9,619 Closing Credit*
$810,000
3,123 SqFt
5 Beds
•3 Full Baths
Tanya Stevenson, Listing Office: Park Avenue Properties Of Colorado Springs Llc
Is Monument, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Monument was a Seller's Market.
Key Takeaway
Monument is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monument, CO
How much do homes in Monument, CO cost?
Median Sold Price
$726,221
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$23,779(-3.2%)
Key Takeaway
Homes in Monument have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Monument was $726,221 in October 2024, down 3.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $368K | $375K | +1.9% |
| 3 Bedrooms | $522.5K | $530K | +1.4% |
| 4 Bedrooms | $730K | $725K | -0.7% |
| 5+ Bedrooms | $834.5K | $860K | +3.1% |
Summary: Monument 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 increased by 1.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Black Forest-Peyton | $712.5K | $700K | -1.8% |
| Monument | $750K | $726.2K | -3.2% |
Housing Supply in Monument, CO
How many homes are available in Monument, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 221 | 261 | +18.1% |
Summary: The Monument real estate market had 261 homes for sale in October 2024, a 18.1% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 34 | 44 | +29.4% |
| 4 Bedrooms | 89 | 95 | +6.7% |
| 5+ Bedrooms | 92 | 114 | +23.9% |
Summary: The Monument 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 33.3%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 23.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monument, you may be able to get a good deal. 68% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Monument in October 2024, up by 19.0% month-over-month. Of the 25 sold homes, 68% were sold under asking, 32% were sold at asking, and 0% were sold over asking.
Days on Market for Monument, CO
How long does it take to sell a home in Monument, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 45 Days | +99.6% |
Summary: Homes in Monument had an average of 45 days on market in Oct 2024, up by 99.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monument are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Monument; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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