Home Prices in Colorado Springs, CO

Real estate market data for Colorado Springs, CO provided by Alan Daniels of The Daniels Team at RE/MAX Advantage.

Colorado Springs Home Prices

 

We have seen a steady increase on home prices in Colorado Springs over the last 12 months and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Colorado Springs but having a good Real Estate Agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are selling within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Colorado Springs home on which you are making an offer.

If you are interested in how much current inventory is on the market in Colorado Springs you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in Colorado Springs, homes have a median time of 85 days on the market before they sell. This would suggest that buyers are in a decent position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Colorado Springs has multiple offers coming in on homes. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.

 

Colorado Springs Real Estate Report Summary

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  • The median list price in April for all single family homes in Colorado Springs is $250,958. The list prices increased by 2.43% from the previous month.
  • The price per square foot for listings in this area is $135.
  • The median sale price in April for single family homes is $210,000. The sale prices increased by +1.01% from the previous month.
  • The price per square foot for sales in this area is $114.25.

 

 

 

Find Homes for Sale in Colorado Springs CO

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