$9,322 Closing Credit*
$785,000
3,240 SqFt
4 Beds
•3 Full Baths, 1 Partial
Rachel Vecchio, Listing Office: Zezen Realty 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 Seller's Market.
Key Takeaway
Pikes Peak is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pikes Peak, CO
How much do homes in Pikes Peak, CO cost?
Median Sold Price
$397,500
$219/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$217,500(-35.4%)
Key Takeaway
Homes in Pikes Peak have sold for 35.4% less than they did a month ago.
Summary: The median home sold price in Pikes Peak was $397,500 in November 2024, down 35.4% from last month, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $381.4K | $180K | -52.8% |
| 3 Bedrooms | - | $615K | N/A |
| 4 Bedrooms | $699.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Pikes Peak housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.8%, 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
| Colorado Springs | $461.5K | $489.9K | +6.2% |
| Manitou Springs | $707.5K | $615K | -13.1% |
| Pikes Peak | $615K | $397.5K | -35.4% |
| Green Mountain Falls | $473.6K | $180K | -62.0% |
| Cascade | $615K | $180K | -70.7% |
Housing Supply in Pikes Peak, CO
How many homes are available in Pikes Peak, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Pikes Peak real estate market had 26 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Pikes Peak housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pikes Peak, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pikes Peak in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 181 Days | +255.9% |
Summary: Homes in Pikes Peak had an average of 181 days on market in Nov 2024, up by 255.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pikes Peak are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Pikes Peak; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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