RealTrends Market Report

Colorado Springs, CO

Single-Family Homes

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Colorado Springs, CO

Sun Dec 10 2023
This week the median list price for Colorado Springs, CO is $499,500 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 1,261. Click here to stay informed with the Colorado Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Colorado Springs, CO

Sun Dec 10 2023
This week the median list price for Colorado Springs, CO is $499,500 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 1,261. Click here to stay informed with the Colorado Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Colorado Springs market.
Median List Price $499,500
Median Price of New Listings $461,380
Per Square Foot $219
Average Days on Market 92
Median Days on Market 56
Price Decreased 51%
Price Increased 5%
Relisted 8%
Inventory 1,261
Median Rent
Market Action 38
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$940,000 4,079 0.25 - 0.5 acre 4 4 12 18 31 105
$575,000 3,005 6,500 - 8,000 sqft 4 3 17 36 37 63
$457,595 2,155 6,500 - 8,000 sqft 3 3 20 44 34 42
$375,000 1,630 6,500 - 8,000 sqft 3 2 52 43 50 42