Colorado Springs Real Estate Market

Latest Colorado Springs Real Estate Market Video

Check out the latest housing market conditions and statistics in Colorado Springs!

What’s Really Happening in the Colorado Springs Real Estate Market? (FAQs Answered)

Thinking about buying or selling in Colorado Springs? You’re not alone, and you probably have a lot of the same questions we hear every day. Let’s break down the current state of the market and what it means for you.

Are housing prices dropping in Colorado Springs?

Home prices in Colorado Springs have seen some softening compared to the peak of the market frenzy, but that doesn’t mean they’re crashing. Prices have stabilized in many neighborhoods, especially those with higher inventory. That’s great news for buyers who were getting priced out a year or two ago. But overall, values are still holding strong due to steady demand, limited new construction, and continued military relocation to the area.

Is Colorado Springs a seller’s market?

Technically, yes...but it's not as intense as it once was. We’re in more of a “neutral” to mildly “seller-leaning” market right now. That means homes that are priced well and move-in ready still sell quickly, but sellers can’t overprice and expect a bidding war. There’s more room for negotiation, which makes this a great time for both buyers and sellers to win.How long are houses on the market in Colorado Springs?

How long are houses on the market in Colorado Springs?

As of this season, the average days on market in Colorado Springs is between 25 and 45 days, depending on the neighborhood, price point, and condition of the home. That’s a bit longer than the lightning-fast sales we saw during the pandemic boom, but it’s still fairly quick compared to national averages. Well-priced homes in popular areas can sell in a week. Homes that need updates or are overpriced might sit for longer.

Why are houses in Colorado Springs so expensive?

There are a few reasons. First, demand continues to outpace supply, especially with military relocations, remote workers moving in, and strong local job growth. Second, the scenery and lifestyle here are hard to beat, mountains, hiking, and excellent schools. Lastly, land and labor costs for new construction remain high, which pushes up overall prices.

Key Takeaway
Whether you're buying your first home, moving due to PCS orders, or selling your home in the Springs, it’s still a strong market. But it pays to be smart and strategic. Want a custom update for a specific neighborhood or price range? I’m here to help.

[email protected]

The average sale price in El Paso County, CO is $543,069, up from this time last year. 

The average days on market in El Paso County is 43 days, up from this time last year. 

There were 47 new foreclosure starts from March of 2024. Learn more about foreclosure starts at the El Paso County Public Trustee.