$10,000 Closing Credit*
$985,000
4,494 SqFt
4 Beds
•3 Full Baths, 1 Partial
Cindy Maluschka, Listing Office: Brokers Guild Real Estate
Is Northwest 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, Northwest Colorado Springs has remained a Buyer's Market.
Key Takeaway
Northwest Colorado Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest Colorado Springs, CO
How much do homes in Northwest Colorado Springs, CO cost?
Median Sold Price
$635,000
$252/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$70,000(+12.4%)
Key Takeaway
Homes in Northwest Colorado Springs have sold for 12.4% more than they did a month ago.
Summary: The median home sold price in Northwest Colorado Springs was $635,000 in October 2024, up 12.4% from last month, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $390K | +21.9% |
| 3 Bedrooms | $441.7K | $550K | +24.5% |
| 4 Bedrooms | $600K | $639.9K | +6.7% |
| 5+ Bedrooms | $655.5K | $675K | +3.0% |
Summary: Northwest 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 increased by 21.9%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest Colorado Springs | $565K | $635K | +12.4% |
| Mountain Shadows | $602.5K | $587.5K | -2.5% |
| Pinecliffe | $812.5K | $305K | -62.5% |
Housing Supply in Northwest Colorado Springs, CO
How many homes are available in Northwest Colorado Springs, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 176 | +26.6% |
Summary: The Northwest Colorado Springs real estate market had 176 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 | 6 | 8 | +33.3% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 24 | 30 | +25.0% |
| 4 Bedrooms | 50 | 64 | +28.0% |
| 5+ Bedrooms | 34 | 46 | +35.3% |
Summary: The Northwest Colorado Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Colorado Springs, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Northwest Colorado Springs in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for Northwest Colorado Springs, CO
How long does it take to sell a home in Northwest Colorado Springs, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 25 Days | +12.9% |
Summary: Homes in Northwest Colorado Springs had an average of 25 days on market in Oct 2024, up by 12.9% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Colorado Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Northwest Colorado Springs; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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