Sign up to stay up to date on the Colorado Springs Real Estate Market!

or Create your own market report

 

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
3 Pine Rd 5 7 11,401 $2,800,000 $245 Unknown
10472 Finn Dr 4 3 3,610 $660,000 $182 Unknown
1830 Smoke Ridge Dr 3 3 2,229 $655,000 $293 Unknown
5266 Blackcloud Loop 5 3 2,390 $514,900 $215 Unknown
5265 Hunters Run 3 2 1,106 $345,000 $311 0 days
2559 Hot Springs Ct 4 4 2,291 $565,000 $246 Unknown
5265 Hunters Run 3 2 1,990 $345,000 $173 Unknown
350 Cherry Hills Way 3 3 2,690 $610,000 $226 Unknown
10472 Finn Drive 4 3 3,362 $660,000 $196 0 days
3829 Nuevo Circle 5 4 3,126 $575,000 $183 0 days
4996 Havenward Vw 3 3 1,690 $442,850 $262 Unknown
6945 Yellowpine Dr 2 1 710 $250,000 $352 Unknown
9526 Clarkville Trl 3 2 1,008 $299,999 $297 Unknown
10126 Alamar Way 3 4 2,591 $1,750,000 $675 Unknown
6945 Yellowpine Drive 2 1 710 $250,000 $352 0 days
9400 Oro City Loop 2 2 1,011 $344,999 $341 Unknown
4650 Eastcrest Circle 3 1 1,064 $245,000 $230 0 days
2528 Willow Glen Drive 4 4 5,034 $925,000 $183 0 days
4350 Valencia Circle 5 4 3,391 $550,000 $162 0 days
4350 Valencia Cir 5 4 3,385 $550,000 $162 Unknown
3750 N Cascade Avenue 3 2 1,216 $83,000 $68 0 days
8514 Blue Feather Loop 4 3 2,066 $524,900 $254 Unknown
1233 Solitaire St 4 4 3,336 $714,000 $214 Unknown
8473 Old Exchange Dr 4 4 3,271 $639,900 $195 Unknown
819 N Cedar St 5 4 2,696 $750,000 $278 Unknown
8555 Ilex Dr 4 2 2,022 $458,500 $226 Unknown
4330 Dynasty Dr 4 4 3,275 $655,000 $200 Unknown
3600 N Cascade Avenue 2 1 400 $20,000 $50 0 days
3613 Anemone Cir 4 2 1,682 $369,000 $219 Unknown
2605 E Boulder St 3 1 868 $299,900 $345 Unknown
9217 Simmental Way 3 2 1,474 $437,750 $296 Unknown
1247 Soaring Eagle Dr 2 2 960 $215,000 $223 Unknown
1508 Courtyard Heights 2 3 1,284 $300,000 $233 0 days
810 N Chelton Rd 2 1 1,518 $275,000 $181 Unknown
1508 Courtyard Hts 2 3 1,284 $300,000 $233 Unknown
6952 Cobblecreek Dr 3 3 1,933 $459,900 $237 Unknown
6441 Old Glory Dr 3 3 1,702 $330,000 $193 Unknown
6356 Firestar Lane 3 3 1,352 $429,900 $317 0 days
7375 Maine Ln 3 2 1,440 $699,900 $486 Unknown
3575 Hollycrest Dr 5 3 3,638 $825,000 $226 Unknown
4185 Solarface Ct 5 3 2,597 $407,900 $157 Unknown
744 Endeavor Way 3 3 1,932 $430,000 $222 Unknown
5347 Fossil Butte Dr 6 4 3,801 $680,000 $178 Unknown
2660 E Willamette Ave N/A N/A N/A $550,000 Unknown Unknown
2660 E Willamette Avenue N/A N/A N/A $550,000 Unknown 0 days
7520 Vineland Trl 4 2 1,796 $405,000 $225 Unknown
333 Audubon Dr 3 3 1,189 $349,000 $293 Unknown
6834 Cool Spring Way 6 4 3,215 $554,900 $172 Unknown
5327 Silver Spur Ave 3 2 1,592 $315,000 $197 Unknown
17374 Goshawk Rd N/A N/A N/A $675,000 Unknown Unknown
Average: 3.6 3.0 2,391 $608,931 $251 91 days
Viewing 1 - 50 of 4581
Viewing 1 - 50 of 4581
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
6950 Silverheels Ct 5 2 2,198 $299,000 $136 Unknown
6 Las Piedras Escondidas Na 4 4 4,972 $1,075,000 $216 Unknown
7892 Desert Wrangler Dr 4 3 3,465 $699,900 $201 Unknown
4325 Hunting Meadows Cir Unit 6 3 2 1,441 $209,999 $145 Unknown
1409 E Caramillo St N/A N/A N/A $629,900 Unknown Unknown
9639 Desert Lily Circle 3 3 2,266 $415,000 $183 6 days
9639 Desert Lily Cir 3 3 2,266 $415,000 $183 Unknown
3376 Day Dream Vw 2 2 1,058 $413,693 $391 Unknown
5955 Leather Dr 4 3 2,320 $499,900 $215 Unknown
5955 Leather Drive 4 3 2,320 $499,900 $215 7 days
8640 Massey Circle 4 4 2,278 $475,000 $208 7 days
7395 Maine Ln N/A N/A N/A $150,000 Unknown Unknown
7072 McEwan Street 3 3 1,439 $425,000 $295 7 days
5945 Del Paz Dr 4 4 2,787 $410,000 $147 Unknown
1045 Hartell Drive 4 4 2,566 $449,900 $175 8 days
4825 astrozon Boulevard 3 2 1,440 $150,000 $104 8 days
3135 Lees Lane 4 3 2,948 $499,900 $169 8 days
1870 Zebulon Dr 2 2 992 $235,000 $236 Unknown
5033 Crestwood Dr 4 3 3,017 $704,966 $233 Unknown
5945 Del Paz Drive 4 4 2,789 $410,000 $147 8 days
10892 Yuba Dr 3 3 1,634 $300,000 $183 Unknown
9322 Dome Run Ct 5 4 4,238 $925,000 $218 Unknown
2170 Keara Hts 3 3 1,773 $559,900 $315 Unknown
2507 N Cascade Avenue 2 1 706 $277,000 $392 10 days
3929 Pronghorn Meadows Cir 5 4 3,751 $600,000 $159 Unknown
5125 Picket Drive 4 2 1,810 $425,000 $234 12 days
5055 Bunk House Ln 4 3 1,899 $440,000 $231 Unknown
4206 Whittier Dr 4 2 2,100 $350,000 $166 Unknown
3711 Lander Ln 3 3 1,988 $369,900 $186 Unknown
2020 W Bijou St 2 1 908 $550,000 $605 Unknown
3114 Mission Street 3 2 1,666 $325,000 $195 12 days
6560 Snowbird Dr 4 3 2,275 $395,000 $173 Unknown
5055 Bunk House Lane 4 3 1,899 $440,000 $231 12 days
9948 Castor Dr 3 3 1,750 $399,990 $228 Unknown
5155 Thistle Ct 3 3 1,979 $449,900 $227 Unknown
6106 Farmstead Pl 3 3 2,731 $342,000 $125 Unknown
13890 Staffshire Ln 4 4 5,127 $1,775,000 $346 Unknown
1156 Dream Lake Ct 5 4 3,415 $675,000 $197 Unknown
1156 Dream Lake Court 5 4 3,415 $675,000 $197 13 days
7720 Delmonico Dr 4 4 4,322 $999,995 $231 Unknown
1212 Rainier Dr 3 2 1,322 $365,000 $276 Unknown
3848 Fetlock Cir 4 2 1,643 $400,000 $243 Unknown
2471 Stoneridge Drive 5 4 3,417 $675,000 $197 11 days
1212 Rainier Drive 3 2 1,322 $365,000 $276 13 days
2691 Fairway Drive 5 4 3,761 $950,000 $252 13 days
4050 Thundercloud Dr 3 3 2,389 $525,000 $219 Unknown
2388 Rusty Ridge Ct 5 4 4,417 $989,500 $224 Unknown
4910 Champagne Drive 4 3 2,393 $585,000 $244 14 days
740 Donald Rd 4 3 2,052 $409,900 $199 Unknown
1711 N Chelton Rd 3 1 1,032 $299,900 $290 Unknown
Average: 3.7 3.0 2,384 $544,004 $231 108 days
Viewing 1 - 50 of 637
Viewing 1 - 50 of 637
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
9611 Owl Perch Loop 4 3 3,322 $869,900 $869,900 $261 Unknown 7/29/26
4406 Crow Creek Dr 3 2 1,295 $435,000 $435,000 $335 Unknown 7/29/26
5024 Prairie Grass Ln 4 2 2,005 $434,900 $434,900 $216 Unknown 7/29/26
6087 Meadowbank Ln 5 4 2,726 $495,000 $495,000 $181 Unknown 7/29/26
1011 N Chelton Road N/A N/A 1,865 $390,000 $390,000 $209 40 days 7/29/26
2515 Reed Grass Way 4 3 2,359 $450,000 $445,000 $188 Unknown 7/29/26
1011 N Chelton Rd 4 3 1,914 $390,000 $390,000 $203 Unknown 7/29/26
4511 Lamplighter Circle 2 3 1,524 $232,000 $226,000 $148 50 days 7/29/26
4511 Lamplighter Cir 2 3 1,524 $232,000 $226,000 $148 Unknown 7/29/26
11172 Falling Snow Lane 5 4 2,934 $610,000 $600,000 $204 55 days 7/29/26
20320 Roaming Dr 5 5 3,560 $1,299,000 $1,287,000 $361 Unknown 7/29/26
2835 Elm Meadow Vw 2 3 1,671 $656,500 $661,500 $395 Unknown 7/29/26
2116 Friendship Pl N/A N/A N/A $625,000 $625,000 Unknown Unknown 7/29/26
7152 Cliffrose Dr 5 3 2,959 $450,000 $450,000 $152 Unknown 7/29/26
4680 Jenson Ln 5 5 4,519 $650,000 $622,500 $137 Unknown 7/29/26
9121 Simmental Way 3 2 1,474 $424,700 $414,700 $281 Unknown 7/29/26
3550 Summer Breeze Dr 3 2 2,249 $370,000 $370,000 $164 Unknown 7/29/26
2116 Friendship Place 8 4 3,630 $625,000 $625,000 $172 60 days 7/29/26
4680 Jenson Lane 5 5 4,401 $650,000 $622,500 $141 75 days 7/29/26
3550 Summer Breeze Drive 3 2 2,247 $370,000 $370,000 $164 132 days 7/29/26
1654 Rockview Trl 4 5 4,273 $1,450,000 $1,410,000 $329 Unknown 7/28/26
1103 Montrose Ave 3 1 894 $325,000 $320,000 $357 Unknown 7/28/26
2255 Allyn Way 4 3 1,964 $445,000 $445,000 $226 Unknown 7/28/26
4671 Bridle Pass Dr 6 4 3,635 $635,000 $625,000 $171 Unknown 7/28/26
2613 Crooked Vine Ct 5 3 3,091 $765,000 $775,000 $250 Unknown 7/28/26
2613 Crooked Vine Court 5 3 3,096 $765,000 $775,000 $250 35 days 7/28/26
174 Tamarron Dr 4 4 2,991 $575,000 $575,000 $192 Unknown 7/28/26
2522 E Buena Ventura Street 6 4 2,882 $575,000 $568,000 $197 46 days 7/28/26
2522 E Buena Ventura St N/A N/A N/A $575,000 $568,000 Unknown Unknown 7/28/26
3638 Evelyn Ln 3 3 1,477 $399,990 $399,990 $270 Unknown 7/28/26
1219 Lewis Ln 4 2 2,064 $385,000 $365,000 $176 Unknown 7/28/26
2456 Pine Valley Vw 4 3 3,785 $829,000 $810,000 $214 Unknown 7/28/26
2450 Telemark Ct 5 2 2,124 $435,000 $435,000 $204 Unknown 7/28/26
1146 Terrace Rd 4 3 3,062 $675,000 $665,000 $217 Unknown 7/28/26
14965 Sun Hills Dr 4 3 4,015 $1,399,999 $1,200,000 $298 Unknown 7/28/26
2 Cresta Rd 5 3 2,504 $750,000 $725,000 $289 Unknown 7/28/26
1719 Keystone Crest Lane 4 4 2,191 $619,000 $619,000 $282 77 days 7/28/26
6567 Arabesque Loop 4 4 3,672 $899,337 $852,483 $232 94 days 7/28/26
4270 Star Ranch Rd 5 4 4,644 $900,000 $880,000 $189 Unknown 7/27/26
13957 Sierra Knolls Ct 4 4 4,017 $939,900 $929,900 $231 Unknown 7/27/26
3355 Angelstone Pt 4 4 3,707 $1,275,000 $1,275,000 $343 Unknown 7/27/26
12315 Candoni Ter 4 5 3,880 $850,000 $855,000 $220 Unknown 7/27/26
12315 Candoni Terrace 4 5 3,836 $850,000 $855,000 $222 34 days 7/27/26
5056 Iron Horse Trl 3 3 2,023 $450,000 $443,000 $218 Unknown 7/27/26
1802 Forest Ridge Dr 4 3 3,027 $625,000 $585,000 $193 Unknown 7/27/26
4125 Happy Jack Drive 3 2 1,304 $400,000 $400,000 $306 40 days 7/27/26
125 Chantrey Court 4 4 3,357 $875,000 $885,000 $263 40 days 7/27/26
125 Chantrey Ct 4 4 3,357 $875,000 $885,000 $263 Unknown 7/27/26
2712 Emerald Ridge Dr 5 4 3,656 $725,000 $720,000 $196 Unknown 7/27/26
4125 Happy Jack Dr 3 2 1,304 $400,000 $400,000 $306 Unknown 7/27/26
Average: 3.7 3.0 2,357 $546,167 $540,102 $236 84 days
Viewing 1 - 50 of 4654
Viewing 1 - 50 of 4654
Advanced Search


The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Real Estate Company are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. IDX Terms and Conditions


The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS.