Is West Colorado Springs, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Colorado Springs is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, West Colorado Springs has remained a Buyer's Market.

Key Takeaway

West Colorado Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West Colorado Springs, CO

How much do homes in West Colorado Springs, CO cost?

Median Sold Price

$379,500

$224/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$120,500(-24.1%)

Key Takeaway

Homes in West Colorado Springs have sold for 24.1% less than they did a month ago.

Summary: The median home sold price in West Colorado Springs was $379,500 in October 2024, down 24.1% from last month, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $474.9K$632.5K
+33.2%
4 $560K$339.5K
-39.4%
5+ $547.5K-
N/A

Summary: West 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 did not change, 3 bedroom homes increased by 33.2%, 4 bedroom homes decreased by 39.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Kissing Camels
+63.4%
West Colorado Springs
-24.1%
Holland Park
-45.8%

Housing Supply in West Colorado Springs, CO

How many homes are available in West Colorado Springs, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108146+35.2%

Summary: The West Colorado Springs real estate market had 146 homes for sale in October 2024, a 35.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1927
+42.1%
3 3642
+16.7%
4 2540
+60.0%
5+ 2634
+30.8%

Summary: The West Colorado Springs 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 42.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Colorado Springs, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in West Colorado Springs in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for West Colorado Springs, CO

How long does it take to sell a home in West Colorado Springs, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
16 Days57 Days+242.3%

Summary: Homes in West Colorado Springs had an average of 57 days on market in Oct 2024, up by 242.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Colorado Springs are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in West Colorado Springs; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in West Colorado Springs, CO

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