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Colorado Springs Real Estate Market Report 

Whether you’re a first-time homebuyer, a seasoned investor, or planning to sell, staying informed on the Colorado Springs real estate market report is key to making smart decisions. Colorado Springs continues its reputation as one of the most dynamic and attractive housing markets in the nation, driven by robust economic growth, geographic appeal, and demographic shifts.

In this comprehensive report, Flat Rate Realty Group breaks down the latest market trends, key statistics, housing inventory, buyer/seller behaviors, neighborhood highlights, and tips to successfully navigate the current real estate environment.

Start your home search and explore neighborhoods in Colorado Springs here: Colorado Springs Neighborhoods & Homes.

Current Market Snapshot: Key Stats & Trends

The Colorado Springs real estate market has experienced important shifts over the last 12 months. Based on recent data from local MLS records, Realtor.com, and Zillow:

  • Median Home Price: $520,000 — showing a year-over-year increase around 4%, indicating sustained buyer demand despite interest rate fluctuations.
  • Average Days on Market (DOM): 22 days — a slight rise compared to previous years reflecting more cautious buyer behavior.
  • Active Listings: Approximately 1,100 active single-family home listings, up about 15% from last year, improving options for buyers.
  • Price Per Square Foot: Averaging $260, with premium neighborhoods commanding $350+.
  • Inventory Levels: Approximately 1.8 months of supply, up from historically low levels but still favoring sellers overall (balanced is typically 4-6 months).
  • Interest Rates: Mortgage rates fluctuated around ~6.5%, slightly impacting affordability.
Key Takeaway: The market is transitioning from rapid seller dominance toward a more balanced, measured pace—good news for buyers sighting affordability and choice, while sellers still benefit from strong valuations.

Neighborhood Breakdown: Where Buyers Are Focused

Colorado Springs is diverse, and micro-markets vary widely. Key neighborhoods exhibiting interesting trends include:

  • Pikes Peak Area: High demand for mountain views and outdoor lifestyle; prices rose 5% with limited inventory.
  • Old Colorado City: Historic charm and walkability attract millennials and retirees; homes priced mid $400Ks to $600Ks.
  • Pebble Hills: Family-oriented, newer builds, strong school districts; inventory up 12% with stable pricing.
  • Downtown Colorado Springs: Urban condos and townhomes popular with young professionals; prices remain stable amid inventory expansion.

Discover searchable listings by neighborhood here: Explore Colorado Springs Neighborhoods & Listings.

Supply & Demand Dynamics

Supply continues to rise modestly, averaging a 15-20% increase in active listings compared to last year, giving buyers more selection. However, demand remains healthy due to:

  • Strong job growth in tech, defense, and healthcare industries locally.
  • Colorado Springs’ reputation as a high quality-of-life destination with recreational amenities.
  • Millennials entering peak homebuying age continuing to fuel new buyer activity.

On the other hand, rising mortgage interest rates and inflationary pressure are cooling some buyer enthusiasm.

Market Challenges to Watch

  • Affordability Pressure: Median prices near $520K outpace wage growth for many, especially first-time buyers.
  • Mortgage Rate Volatility: Fluctuations can deter marginal buyers or impact purchasing power.
  • Limited Entry-Level Stock: Low supply of homes under $350,000 keeps competition strong in this segment.
  • New Construction Constraints: Labor and supply chain challenges slow down new home builds.

What Buyers & Sellers Should Know in Today’s Market

For Buyers:

  • Get Pre-Approved: Strengthen offers by securing a mortgage pre-approval early.
  • Prioritize Must-Haves: Distinguish between essentials and nice-to-haves to streamline decision making.
  • Work with Experienced Local Agents: Gain market insights, negotiation leverage, and access to off-market opportunities.
  • Consider Flexible Financing: FHA or down payment assistance programs can improve affordability.

For Sellers:

  • Price Competitively: Align your listing price to current comparable sales and avoid overpricing.
  • Stage & Prepare: Invest in curb appeal and minor upgrades; small improvements yield strong ROI.
  • Be Ready to Negotiate: The market favors sellers but expect offers with contingencies or requests.
  • Partner With Flat Fee Experts: Explore commission-saving options without sacrificing service: Flat Rate Realty Group.

Step-By-Step Guide To Navigating the Colorado Springs Real Estate Market

  1. Research Neighborhoods: Use tools like Walk Score and school data like GreatSchools to identify ideal areas.
  2. Consult With a Local Agent: Contact experts who know Colorado Springs nuances intimately.
  3. Pre-Approval & Budgeting: Meet with mortgage professionals early to clarify your price range and options.
  4. View & Evaluate Homes: Schedule showings and inspect properties in person or virtually.
  5. Make Offers Strategically: Use market data and agent advice to optimize bidding.
  6. Prepare for Closing: Ensure financing, inspections, and paperwork proceed smoothly.
  7. Move & Settle: Enjoy your new home and community!

Frequently Asked Questions About Colorado Springs Real Estate Market

Q1: Is now a good time to buy in Colorado Springs?
A1: Yes, inventory is increasing, and interest rates remain historically moderate. Smart buyers who plan carefully can find opportunities.
Q2: How competitive is the market?
A2: The market is more balanced than in previous years with longer days on market but still favors sellers overall due to limited inventory.
Q3: What is the average home price in Colorado Springs?
A3: Median home prices hover around $520,000, with variations by neighborhood and property type.
Q4: How do mortgage rates affect the market here?
A4: Rising rates reduce affordability but have created buying pauses that allow inventory to stabilize.
Q5: Can I find affordable housing options?
A5: Entry-level homes are limited, but buyers should explore FHA loans, down payment assistance, and emerging neighborhoods for value.

Customer Testimonials

"Flat Rate Realty Group provided exceptional service and saved me thousands in commission fees, while helping me find my ideal Colorado Springs home." – Sarah M., Colorado Springs
"Thanks to the team at Flat Rate Realty Group, we navigated a tricky market with confidence and got a fantastic deal." – Brian K., Colorado Springs

Additional Resources to Assist Your Home Purchase

More Articles from Flat Rate Realty Group

Summary: Stay Ahead with the Latest Colorado Springs Real Estate Market Report

The Colorado Springs real estate market is evolving to a more balanced state offering opportunities for both buyers and sellers. Awareness of current prices, inventory, neighborhood nuances, and financing options is crucial. Partnering with trusted professionals like Flat Rate Realty Group empowers you to navigate confidently and maximize your real estate outcomes.

Begin your journey now by exploring listings, neighborhood data, and market tools with Flat Rate Realty Group at www.FlatRateRealtyGroup.com.

Contact Flat Rate Realty Group

 

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
12622 Timberglen Terrace 4 3 3,603 $1,250,000 $346 0 days
6723 Bishop Dr 3 4 2,255 $639,900 $283 Unknown
1618 Marquita Ave 3 1 1,236 $440,000 $355 Unknown
4119 Happy Jack Drive 3 3 1,603 $435,000 $271 0 days
1097 Prickly Pear Place 7 5 4,386 $1,075,000 $245 1 day
4066 Wyedale Way 4 4 2,928 $555,000 $189 Unknown
6635 Brook Forest Dr 3 2 2,854 $364,900 $127 Unknown
8937 Bugaboo Dr 4 2 2,524 $695,000 $275 Unknown
3330 Templeton Gap Rd Unit 31 2 3 1,349 $315,000 $233 Unknown
8948 Braemore Hts 2 2 2,058 $555,000 $269 Unknown
7721 Crestone Peak Trl 3 3 1,780 $436,100 $245 Unknown
2414 E Caramillo St 4 2 2,562 $498,000 $194 Unknown
217 S 13th St N/A N/A N/A $589,900 Unknown Unknown
6265 Wild Turkey Drive 3 3 1,634 $400,000 $244 1 day
2910 Rolling Wood Loop 3 2 1,916 $455,000 $237 Unknown
1501 Newcastle St 4 2 1,632 $375,000 $229 Unknown
7515 Deer Trl 5 3 2,314 $369,000 $159 Unknown
14570 Bermuda Dunes Way 5 4 3,591 $749,900 $208 Unknown
2637 Waldean Street 3 2 1,728 $365,000 $211 1 day
509 W Cheyenne Rd 4 3 2,144 $545,000 $254 Unknown
3389 Foxridge Dr 3 1 931 $301,500 $323 Unknown
621 E Cache La Poudre St 3 2 1,387 $419,000 $302 Unknown
8055 Candleflower Cir 5 4 3,233 $590,000 $182 Unknown
1675 Mineola St 4 2 1,368 $368,000 $269 Unknown
1675 Mineola Street 4 2 1,368 $368,000 $269 1 day
10593 Alamar Way 5 5 5,155 $2,350,000 $455 Unknown
4045 Haven Ln 5 4 2,342 $475,000 $202 Unknown
12622 Timberglen Ter 4 3 3,640 $1,250,000 $343 Unknown
2220 E La Salle St Unit 107 4 4 1,859 $340,000 $182 Unknown
23 W Brookside St 5 3 2,772 $615,000 $221 Unknown
8020 Firecracker Trl 3 3 1,887 $435,000 $230 Unknown
5540 Lantana Cir 5 3 2,011 $435,000 $216 Unknown
6375 Bismark Rd 3 2 1,276 $350,000 $274 Unknown
1326 S Canoe Creek Dr 5 4 2,739 $480,000 $175 Unknown
239 Elmwood Dr 3 2 1,600 $430,000 $268 Unknown
3928 E Pikes Peak Ave 3 1 888 $309,999 $349 Unknown
9187 Glitter Way 3 3 2,835 $879,000 $310 Unknown
7080 Knapp Dr 2 2 1,058 $443,655 $419 Unknown
4537 Fenton Rd 3 2 1,272 $405,000 $318 Unknown
5968 Torrisdale Vw 3 3 2,088 $535,000 $256 Unknown
2338 Jeanette Way 3 2 1,081 $359,900 $332 2 days
2338 Jeanette Way 3 2 1,081 $359,900 $332 Unknown
7821 Moore Dr 3 3 2,661 $535,400 $201 Unknown
3817 N Midsummer Lane 4 3 2,002 $519,500 $259 2 days
4420 Cherry Oak Ct 4 3 1,693 $450,000 $265 Unknown
8711 Shorewood Dr 3 3 1,699 $647,605 $381 Unknown
8215 Poco Rd 6 6 5,587 $2,207,123 $395 Unknown
3817 N Midsummer Ln 4 3 2,059 $519,500 $252 Unknown
9404 Oro City Loop 3 3 1,643 $414,999 $252 Unknown
4376 New Santa Fe Trl 5 4 3,260 $850,000 $260 Unknown
Average: 3.6 3.0 2,385 $602,470 $247 96 days
Viewing 1 - 50 of 4676
Viewing 1 - 50 of 4676
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
5020 Turquoise Dr 3 3 2,650 $710,000 $267 Unknown
7331 Corsicana Dr 4 3 3,006 $545,000 $181 Unknown
609 Stevens Ave 2 1 928 $310,000 $334 Unknown
2129 Pheasant Pl 4 2 1,419 $415,000 $292 Unknown
6153 Miramont St 3 2 1,152 $375,000 $325 Unknown
5126 Pring Ranch Rd 5 3 3,141 $659,900 $210 Unknown
2807 Hayman Ter 3 2 1,005 $369,000 $367 Unknown
8374 David Rudabaugh Dr 5 4 1,950 $822,717 $421 Unknown
6718 Granite Peak Dr 6 4 3,211 $599,000 $186 Unknown
10128 Antelope Ravine Dr 4 3 1,950 $908,000 $465 Unknown
4900 Deer Haven Vw 3 3 1,840 $481,900 $261 Unknown
1759 Palmer Park Blvd 4 2 2,185 $400,000 $183 Unknown
9192 Simmental Way 5 4 2,544 $566,900 $222 12 days
7785 Salt Fork Dr 3 3 1,572 $453,000 $288 Unknown
7785 Salt Fork Drive 3 3 1,572 $453,000 $288 12 days
2232 Chickhollow Dr 5 3 3,094 $495,000 $159 Unknown
4531 La Cresta Dr 4 2 1,437 $350,000 $243 Unknown
1201 Auburn Dr 4 3 2,724 $309,000 $113 Unknown
1027 De La Vista Ln 5 2 2,343 $269,000 $114 Unknown
503 Sevilla Drive 3 2 1,330 $364,900 $274 16 days
7661 Amberly Dr 2 2 1,534 $415,000 $270 Unknown
2010 Hampton South St 4 2 1,666 $345,000 $207 Unknown
7128 Spring Linden Ct 4 3 3,053 $615,000 $201 Unknown
2766 N Prospect St 5 3 2,442 $395,000 $161 Unknown
2114 Peacemaker Ter 3 2 1,807 $469,900 $260 Unknown
5140 Redleaf Ln 2 2 1,569 $429,000 $273 Unknown
3842 Vaquero Circle 5 2 1,922 $394,000 $204 17 days
3103 Shadowglen Way 4 2 1,534 $379,900 $247 Unknown
8510 Kirk Drive 3 3 2,745 $1,279,000 $465 17 days
8510 Kirk Dr 3 3 2,505 $1,279,000 $510 Unknown
7879 Tennis Ln 3 3 1,726 $435,000 $252 Unknown
7210 Metropolitan St 4 2 904 $232,000 $256 Unknown
5159 Prairie Grass Ln 3 2 1,008 $417,000 $413 Unknown
5619 Tramore Ct 3 3 1,436 $359,900 $250 Unknown
5619 Tramore Court 3 3 1,436 $359,900 $250 18 days
9377 Gallery Pl 5 4 3,745 $798,705 $213 Unknown
2785 Roundtop Dr 4 3 2,108 $479,000 $227 Unknown
2364 Winstead View 2 2 1,992 $549,900 $276 18 days
9270 Nature Refuge Way 7 7 5,577 $1,681,000 $301 Unknown
7265 Alpenwood Way 3 3 1,752 $349,900 $199 Unknown
1469 Nokomis Dr 2 2 1,004 $250,000 $249 Unknown
6284 Revelstoke Drive 5 3 4,567 $775,000 $169 18 days
2766 N Prospect Street 5 3 2,440 $395,000 $161 16 days
2114 Peacemaker Terrace 3 2 1,806 $469,900 $260 16 days
7265 Alpenwood Way 3 3 1,752 $349,900 $199 18 days
6923 Tahoe Rim Dr 5 4 4,465 $650,000 $145 Unknown
6923 Tahoe Rim Drive 5 4 4,465 $650,000 $145 19 days
1905 Copper Creek Dr 2 2 1,088 $225,000 $206 Unknown
2455 Sweet Water Ct 4 2 1,594 $499,900 $313 Unknown
6220 Wacissa Dr 3 3 2,202 $419,900 $190 Unknown
Average: 3.6 2.9 2,271 $524,979 $236 129 days
Viewing 1 - 50 of 595
Viewing 1 - 50 of 595
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1951 Ruffino Drive 5 4 3,316 $715,000 $711,425 $214 30 days 9/11/26
1951 Ruffino Dr 5 4 3,316 $715,000 $711,425 $214 Unknown 9/11/26
1370 Almagre Peak Dr 4 3 3,605 $675,000 $675,000 $187 Unknown 9/11/26
1370 Almagre Peak Drive 4 3 3,562 $675,000 $675,000 $189 32 days 9/11/26
2385 Courtney Dr 4 3 3,878 $1,200,000 $1,300,000 $335 Unknown 9/11/26
2385 Courtney Drive 4 3 3,876 $1,200,000 $1,300,000 $335 35 days 9/11/26
3325 Cedar Heights Dr 4 4 5,290 $1,350,000 $1,320,000 $249 Unknown 9/11/26
1805 Strasbourg Pt 3 3 1,809 $550,000 $650,000 $359 Unknown 9/11/26
1670 Hard Rock Pt 4 3 3,298 $650,000 $675,400 $204 Unknown 9/11/26
19825 Soaring Wing Drive 6 4 3,458 $1,050,000 $1,050,000 $303 42 days 9/11/26
19825 Soaring Wing Dr 6 4 3,838 $1,050,000 $1,050,000 $273 Unknown 9/11/26
4839 Rusty Nail Pt Unit 102 5 3 2,260 $292,500 $292,500 $129 Unknown 9/11/26
5348 Prominence Pt 3 3 1,376 $325,000 $310,900 $225 Unknown 9/11/26
5348 Prominence Point 3 3 1,376 $325,000 $310,900 $225 50 days 9/11/26
2504 Pine Valley View 6 4 3,742 $799,800 $750,000 $200 55 days 9/11/26
13725 Highline Drive 2 1 960 $389,999 $389,999 $406 56 days 9/11/26
13725 Highline Dr 2 1 960 $389,999 $389,999 $406 Unknown 9/11/26
18350 Woodhaven Dr 4 2 2,265 $730,000 $730,000 $322 Unknown 9/11/26
1700 Wood Ave 5 3 3,409 $1,450,000 $1,450,000 $425 Unknown 9/11/26
8310 Windfall Way 4 3 4,216 $975,000 $959,000 $227 Unknown 9/11/26
8310 Windfall Way 4 3 4,216 $975,000 $959,000 $227 64 days 9/11/26
18350 Woodhaven Drive 4 2 2,272 $730,000 $730,000 $321 59 days 9/11/26
6570 Tranters Creek Way 4 3 2,188 $473,470 $460,000 $210 Unknown 9/11/26
9116 Red Columbine Dr 5 3 2,616 $525,000 $515,000 $196 Unknown 9/11/26
3211 N Institute Street 3 1 984 $348,000 $345,000 $350 76 days 9/11/26
3211 N Institute St 3 1 984 $348,000 $345,000 $350 Unknown 9/11/26
4239 Saunter Dr 4 4 2,698 $539,000 $539,000 $199 Unknown 9/11/26
5697 Torrisdale View 2 2 1,698 $485,000 $475,000 $279 77 days 9/11/26
5697 Torrisdale Vw 2 2 1,698 $485,000 $475,000 $279 Unknown 9/11/26
10249 Guild Ter 4 3 2,792 $730,000 $730,000 $261 Unknown 9/11/26
2440 Palmer Park Blvd Unit E3 2 1 714 $155,000 $143,000 $200 Unknown 9/11/26
8263 Silver Birch Drive 5 4 3,306 $550,000 $535,000 $161 86 days 9/11/26
720 4th Street 2 1 784 $47,500 $47,000 $59 90 days 9/11/26
8750 Tannenbaum Rd 5 4 3,451 $899,900 $860,000 $249 Unknown 9/11/26
510 Catalina Dr 4 3 2,199 $525,000 $525,000 $238 Unknown 9/11/26
15978 Cala Rojo Dr 5 4 3,243 $857,000 $824,000 $254 Unknown 9/11/26
5438 Oro Grande Dr 3 2 1,698 $414,000 $414,000 $243 Unknown 9/11/26
8675 Vanderwood Rd 3 3 2,791 $519,000 $510,000 $182 Unknown 9/11/26
735 Big Valley Dr 4 3 3,505 $675,000 $657,500 $187 Unknown 9/11/26
2359 Pine Valley Vw 4 3 3,634 $726,900 $700,000 $192 Unknown 9/11/26
4885 Hunters Run Na 4 2 2,129 $344,900 $350,000 $164 Unknown 9/11/26
417 E Kiowa St Unit 903 1 2 980 $179,000 $165,000 $168 Unknown 9/11/26
1775 Summernight Ter 4 2 1,942 $424,999 $410,000 $211 Unknown 9/11/26
15978 Cala Rojo Drive 5 4 3,140 $857,000 $824,000 $262 107 days 9/11/26
6326 Laud Pt 3 3 1,858 $485,286 $485,286 $261 Unknown 9/10/26
1504 Lewis Ridge Vw 3 3 2,475 $725,000 $725,000 $292 Unknown 9/10/26
3645 Carefree Pl 3 3 2,319 $375,000 $375,000 $161 Unknown 9/10/26
6577 Rubicon Hts 3 3 1,550 $329,900 $335,000 $216 Unknown 9/10/26
975 Royal Crown Ln 4 4 2,567 $575,000 $575,000 $223 Unknown 9/10/26
1990 Powder River Dr 3 3 1,482 $489,000 $494,000 $333 Unknown 9/10/26
Average: 3.7 2.9 2,365 $541,171 $535,731 $234 86 days
Viewing 1 - 50 of 4631
Viewing 1 - 50 of 4631
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