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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Colorado Springs is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Northeast Colorado Springs, CO

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

Median Sold Price

$428,750

$236/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$27,000(-5.9%)

Key Takeaway

Homes in Northeast Colorado Springs have sold for 5.9% less than they did a month ago.

Summary: The median home sold price in Northeast Colorado Springs was $428,750 in November 2024, down 5.9% from last month, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $205K$203K
-1.0%
2 -$327.5K
N/A
3 $420K$408.7K
-2.7%
4 $462.5K$629K
+36.0%
5+ $605K$449.9K
-25.6%

Summary: Northeast Colorado Springs housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 36%, and 5+ bedroom homes decreased by 25.6%.

Median Sold Price Compared To Nearby Neighborhoods

Northeast Colorado Springs
-5.9%
Pulpit Rock
-23.7%

Housing Supply in Northeast Colorado Springs, CO

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
212244+15.1%

Summary: The Northeast Colorado Springs real estate market had 244 homes for sale in November 2024, a 15.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 4148
+17.1%
3 6569
+6.2%
4 7595
+26.7%
5+ 2830
+7.1%

Summary: The Northeast Colorado Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2216-27.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Colorado Springs, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Northeast Colorado Springs in November 2024, down by 27.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 44% were sold at asking, and 13% were sold over asking.

Days on Market for Northeast Colorado Springs, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
38 Days58 Days+51.0%

Summary: Homes in Northeast Colorado Springs had an average of 58 days on market in Nov 2024, up by 51% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Northeast Colorado Springs has remained consistent over time.

Summary: During November 2024, 16 homes were sold in Northeast Colorado Springs; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% 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 Northeast Colorado Springs, CO

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