719 Lending

Colorado Springs, CO

Single-Family Homes

NMLS#1601989


Colorado Springs, CO

Sat Dec 21 2024
This week the median list price for Colorado Springs, CO is $502,325 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 1,547. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Colorado Springs, CO

Sat Dec 21 2024
This week the median list price for Colorado Springs, CO is $502,325 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 1,547. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Colorado Springs market.
Median List Price $502,325
Median Price of New Listings $475,000
Per Square Foot $230
Average Days on Market 94
Median Days on Market 63
Price Decreased 52%
Price Increased 5%
Relisted 12%
Inventory 1,547
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
$899,900 3,918 0.25 - 0.5 acre 5 3.5 13 22 34 84
$575,000 2,886 6,500 - 8,000 sqft 4 3 10 27 40 63
$459,500 2,051 4,500 - 6,500 sqft 3 2.5 21 47 41 56
$375,000 1,467 6,500 - 8,000 sqft 3 2 53 31 50 63