$2,969 Closing Credit*
$250,000
1,568 SqFt
3 Beds
•1 Full Bath, 1 Partial
Patricia Kamppila, Listing Office: ERA Shields Real Estate
Is Southeast 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, Southeast Colorado Springs has remained a Buyer's Market.
Key Takeaway
Southeast Colorado Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southeast Colorado Springs, CO
How much do homes in Southeast Colorado Springs, CO cost?
Median Sold Price
$367,500
$244/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$7,500(+2.1%)
Key Takeaway
Homes in Southeast Colorado Springs have sold for 2.1% more than they did a month ago.
Summary: The median home sold price in Southeast Colorado Springs was $367,500 in October 2024, up 2.1% from last month, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $236.4K | +0.6% |
| 3 Bedrooms | $346K | $349.5K | +1.0% |
| 4 Bedrooms | $394.5K | $426.5K | +8.1% |
| 5+ Bedrooms | - | $504K | N/A |
Summary: Southeast 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 0.6%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes did not change.
Housing Supply in Southeast Colorado Springs, CO
How many homes are available in Southeast Colorado Springs, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 165 | 213 | +29.1% |
Summary: The Southeast Colorado Springs real estate market had 213 homes for sale in October 2024, a 29.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 41 | 58 | +41.5% |
| 3 Bedrooms | 71 | 96 | +35.2% |
| 4 Bedrooms | 34 | 35 | +2.9% |
| 5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Southeast Colorado Springs 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 41.5%, 3 bedroom homes increased by 35.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Colorado Springs, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Southeast Colorado Springs in October 2024, down by 46.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Southeast Colorado Springs, CO
How long does it take to sell a home in Southeast Colorado Springs, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 33 Days | +9.6% |
Summary: Homes in Southeast Colorado Springs had an average of 33 days on market in Oct 2024, up by 9.6% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Colorado Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Southeast Colorado Springs; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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