First Integrity Title Market Report

Colorado Springs, CO

Single-Family Homes

www.FirstIntegrityTitle.com | 888-636-0372


Colorado Springs, CO

Wed Dec 11 2024
This week the median list price for Colorado Springs, CO is $508,921 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 1,583. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Wed Dec 11 2024
This week the median list price for Colorado Springs, CO is $508,921 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 1,583. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $508,921
Median Price of New Listings $488,787
Per Square Foot $230
Average Days on Market 92
Median Days on Market 63
Price Decreased 52%
Price Increased 5%
Relisted 12%
Inventory 1,583
Median Rent
Market Action 37
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$900,000 3,926 0.25 - 0.5 acre 4 3.5 12 19 44 84
$582,647 2,919 6,500 - 8,000 sqft 4 3 11 23 37 56
$460,000 2,074 4,500 - 6,500 sqft 3 2.5 21 36 39 56
$375,000 1,455 6,500 - 8,000 sqft 3 2 53 22 33 56