$7,125 Closing Credit*
$600,000
2,288 SqFt
4 Beds
•1 Full Bath, 2 Partial
Anthony Deppe, Listing Office: RE/MAX Real Estate Group LLC
Is Pikes Peak, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Pikes Peak was a Buyer's Market.
Key Takeaway
Pikes Peak is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pikes Peak, CO
How much do homes in Pikes Peak, CO cost?
Median Sold Price
$615,000
$303/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$91,500(+17.5%)
Key Takeaway
Homes in Pikes Peak have sold for 17.5% more than they did a month ago.
Summary: The median home sold price in Pikes Peak was $615,000 in October 2024, up 17.5% from last month, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $381.4K | N/A |
| 3 Bedrooms | $523.5K | - | N/A |
| 4 Bedrooms | - | $699.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Pikes Peak 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pikes Peak | $523.5K | $615K | +17.5% |
| Green Mountain Falls | $425K | $473.6K | +11.5% |
| Manitou Springs | $677K | $707.5K | +4.5% |
| Cascade | $622K | $615K | -1.1% |
| Colorado Springs | $480K | $455K | -5.2% |
Housing Supply in Pikes Peak, CO
How many homes are available in Pikes Peak, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Pikes Peak real estate market had 34 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Pikes Peak housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pikes Peak, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pikes Peak in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Pikes Peak, CO
How long does it take to sell a home in Pikes Peak, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 Days | 51 Days | -57.0% |
Summary: Homes in Pikes Peak had an average of 51 days on market in Oct 2024, down by 57% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pikes Peak are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Pikes Peak; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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