$7,541 Closing Credit*
$635,000
3,589 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jerry Cobb C2EX CDPE REI, Listing Office: ERA Shields Real Estate
Is Southwest 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, Southwest Colorado Springs has remained a Buyer's Market.
Key Takeaway
Southwest Colorado Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwest Colorado Springs, CO
How much do homes in Southwest Colorado Springs, CO cost?
Median Sold Price
$815,000
$214/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$50,000(+6.5%)
Key Takeaway
Homes in Southwest Colorado Springs have sold for 6.5% more than they did a month ago.
Summary: The median home sold price in Southwest Colorado Springs was $815,000 in November 2024, up 6.5% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $237.5K | $250.2K | +5.4% |
| 3 Bedrooms | $430K | $360K | -16.3% |
| 4 Bedrooms | $765K | $777.5K | +1.6% |
| 5+ Bedrooms | $857.5K | $1.2M | +39.9% |
Summary: Southwest Colorado Springs 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 increased by 5.4%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 39.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Broadmoor Hills | $765K | $825K | +7.8% |
| Southwest Colorado Springs | $765K | $815K | +6.5% |
| Broadmoor Bluffs | $920K | $815K | -11.4% |
| Cheyenne Hills | $417.5K | $338.2K | -19.0% |
Housing Supply in Southwest Colorado Springs, CO
How many homes are available in Southwest Colorado Springs, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 177 | 210 | +18.6% |
Summary: The Southwest Colorado Springs real estate market had 210 homes for sale in November 2024, a 18.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 41 | 47 | +14.6% |
| 3 Bedrooms | 29 | 44 | +51.7% |
| 4 Bedrooms | 60 | 68 | +13.3% |
| 5+ Bedrooms | 41 | 44 | +7.3% |
Summary: The Southwest Colorado Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 51.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Colorado Springs, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Southwest Colorado Springs in November 2024, up by 18.2% month-over-month. Of the 13 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% were sold over asking.
Days on Market for Southwest Colorado Springs, CO
How long does it take to sell a home in Southwest Colorado Springs, CO?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 86 Days | +48.9% |
Summary: Homes in Southwest Colorado Springs had an average of 86 days on market in Nov 2024, up by 48.9% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southwest Colorado Springs has remained consistent over time.
Summary: During November 2024, 13 homes were sold in Southwest Colorado Springs; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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