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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
2657 Inspiration Dr 4 3 2,399 $420,000 $175 Unknown
6552 Foxdale Cir 3 3 2,164 $410,000 $189 Unknown
1527 W Cheyenne Road 2 1 572 $290,000 $506 0 days
10126 Alamar Way 3 4 2,591 $1,750,000 $675 Unknown
4017 Notch Trl 4 4 3,528 $988,000 $280 Unknown
3385 Hollycrest Drive 3 3 3,755 $790,000 $210 0 days
Parcel 5 Parcel 5 S Peyton Highway N/A N/A N/A $145,000 Unknown Unknown
705 N Grey Eagle Cir 3 3 2,563 $585,000 $228 Unknown
4255 Oro Blanco Dr 4 2 1,792 $420,000 $234 Unknown
1961 Pepperwood Dr 4 2 1,666 $365,000 $219 Unknown
1961 Pepperwood Drive 4 2 1,666 $365,000 $219 0 days
601 Huron Rd 3 2 1,257 $265,000 $210 Unknown
6282 Anders Ridge Lane 3 3 1,910 $471,000 $246 0 days
6282 Anders Ridge Ln 3 3 1,910 $471,000 $246 Unknown
6023 Scrub Jay Trl 4 3 2,156 $499,000 $231 Unknown
13485 Halleluiah Trl 4 3 2,644 $499,900 $189 Unknown
8888 Kalmar Dr 4 4 3,343 $620,000 $185 Unknown
3315 Peartree Ct 3 3 1,500 $400,000 $266 Unknown
3535 Sydney Ter 3 2 1,136 $389,500 $342 Unknown
7525 Deer Lndg 4 2 1,958 $389,500 $198 Unknown
10108 Palisade Ridge Drive 6 5 4,230 $1,045,000 $247 0 days
6150 Luther Rd 3 2 1,627 $500,000 $307 Unknown
7055 Raven Hills Pl 4 3 2,601 $615,000 $236 Unknown
6279 Scottsbluff Dr 3 3 1,202 $400,000 $332 Unknown
3782 Homestead Ridge Hts 2 2 1,189 $335,000 $281 Unknown
5125 Weaver Drive 4 4 1,983 $460,000 $231 1 day
23628 Redtail Dr 4 2 1,493 $329,000 $220 Unknown
8762 Blue Feather Loop 3 3 1,752 $484,400 $276 Unknown
8762 Blue Feather Loop 3 3 1,752 $484,400 $276 1 day
4770 Paramount Pl 5 4 3,280 $625,000 $190 Unknown
2473 Serviceberry Grv 3 3 1,475 $359,950 $244 Unknown
5021 Copen Dr 4 4 2,103 $449,500 $213 Unknown
424 Pyrite Ter 3 4 2,118 $550,000 $259 Unknown
424 Pyrite Terrace 3 4 2,154 $550,000 $255 1 day
117 Mayhurst Avenue 4 4 3,000 $699,000 $233 0 days
818 Cardinal Street 3 2 1,606 $369,900 $230 1 day
22 Iowa Avenue N/A N/A N/A $750,000 Unknown 1 day
5368 W Cliff Point Cir 5 4 3,231 $718,000 $222 Unknown
7005 Shoup Road N/A N/A 1,755 $720,000 $410 1 day
434 Valley Hi Cir Unit D23 2 2 1,072 $165,000 $153 Unknown
3357 Springridge Cir 5 4 2,850 $839,000 $294 Unknown
411 Lakewood Cir Unit A408 2 2 1,152 $150,000 $130 Unknown
10369 Castor Dr 3 3 1,732 $325,000 $187 Unknown
3082 Namib Dr 3 3 1,982 $500,000 $252 Unknown
7866 Piton Point N/A N/A 1,739 $429,500 $246 1 day
16690 Rabbit Track Trl 3 2 2,041 $630,000 $308 Unknown
7647 Stampede Dr 3 2 1,720 $419,900 $244 Unknown
2140 Crystal River Dr 3 3 1,969 $387,500 $196 Unknown
5536 Ansel Dr 5 3 2,904 $535,000 $184 Unknown
3153 Loot Dr 5 3 3,019 $540,000 $178 Unknown
Average: 3.6 3.0 2,396 $611,505 $251 90 days
Viewing 1 - 50 of 4589
Viewing 1 - 50 of 4589
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
6950 Silverheels Ct 5 2 2,198 $299,000 $136 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 5 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 6 days
8640 Massey Circle 4 4 2,278 $475,000 $208 6 days
7395 Maine Ln N/A N/A N/A $150,000 Unknown Unknown
7072 McEwan Street 3 3 1,439 $425,000 $295 6 days
5945 Del Paz Dr 4 4 2,787 $410,000 $147 Unknown
1045 Hartell Drive 4 4 2,566 $449,900 $175 7 days
4825 astrozon Boulevard 3 2 1,440 $150,000 $104 7 days
3135 Lees Lane 4 3 2,948 $499,900 $169 7 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 7 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 9 days
3929 Pronghorn Meadows Cir 5 4 3,751 $600,000 $159 Unknown
5125 Picket Drive 4 2 1,810 $425,000 $234 11 days
5055 Bunk House Ln 4 3 1,899 $440,000 $231 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 11 days
6560 Snowbird Dr 4 3 2,275 $395,000 $173 Unknown
5055 Bunk House Lane 4 3 1,899 $440,000 $231 11 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
9486 Clarkville Trl 2 2 936 $274,045 $292 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 12 days
7720 Delmonico Dr 4 4 4,322 $999,995 $231 Unknown
3848 Fetlock Cir 4 2 1,643 $400,000 $243 Unknown
2471 Stoneridge Drive 5 4 3,417 $675,000 $197 10 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 13 days
1711 N Chelton Rd 3 1 1,032 $299,900 $290 Unknown
1031 Valley Rd 2 2 1,209 $447,000 $369 Unknown
416 E San Rafael St 4 2 1,437 $209,900 $146 Unknown
6771 Dream Weaver Dr 5 3 3,181 $625,000 $196 Unknown
234 Crestridge Ave 4 3 2,438 $500,000 $205 Unknown
1160 Golden Hills Rd 5 4 3,896 $749,900 $192 Unknown
2220 Wimbleton Ct 4 4 3,171 $524,000 $165 Unknown
Average: 3.7 3.0 2,384 $545,084 $231 108 days
Viewing 1 - 50 of 640
Viewing 1 - 50 of 640
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
2613 Crooked Vine Court 5 3 3,096 $765,000 $775,000 $250 35 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
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
2712 Emerald Ridge Drive 5 4 3,648 $725,000 $720,000 $197 41 days 7/27/26
3862 Springs Ranch Dr 6 4 3,025 $525,000 $525,000 $173 Unknown 7/27/26
3862 Springs Ranch Drive 6 4 3,060 $525,000 $525,000 $171 45 days 7/27/26
2318 Thornhill Dr 4 3 2,390 $550,000 $546,000 $228 Unknown 7/27/26
8355 Colorado Spruce Ln 4 4 3,252 $535,000 $530,000 $162 Unknown 7/27/26
1040 Dark Horse Dr 4 3 3,984 $1,395,000 $1,375,000 $345 Unknown 7/27/26
4601 Rowell Pt 3 3 2,412 $419,000 $409,000 $169 Unknown 7/27/26
6511 Mission Bend Way 3 3 1,768 $464,900 $480,000 $271 Unknown 7/27/26
2275 San Marcos Dr 3 2 1,160 $350,000 $355,000 $306 Unknown 7/27/26
1215 Falcon Ave 2 1 796 $290,000 $285,000 $358 Unknown 7/27/26
6530 Brook Park Dr 4 3 1,771 $474,900 $465,000 $262 Unknown 7/27/26
7259 Silver Moon Dr 5 4 3,736 $589,900 $585,000 $156 Unknown 7/27/26
3527 Audrey Dr 3 3 1,439 $387,000 $387,000 $268 Unknown 7/27/26
9314 Oro City Loop 3 3 1,643 $399,999 $399,999 $243 Unknown 7/27/26
9232 Birr Ct 4 3 2,920 $539,900 $530,000 $181 Unknown 7/27/26
6411 Crossdrum Pt 3 3 1,661 $367,000 $367,000 $220 Unknown 7/27/26
527 Syracuse St 4 2 1,892 $335,000 $325,000 $171 Unknown 7/27/26
1919 N Corona St 4 2 1,803 $489,900 $489,900 $271 Unknown 7/27/26
2656 Lower Crags Point 3 3 2,222 $490,900 $490,900 $220 55 days 7/27/26
4601 Rowell Point 3 3 2,412 $419,000 $409,000 $169 79 days 7/27/26
4789 Sand Mountain Point 2 3 1,268 $319,950 $307,500 $242 103 days 7/27/26
9232 Birr Court 4 3 2,736 $549,900 $530,000 $193 131 days 7/27/26
13957 Sierra Knolls Court 4 4 4,017 $939,900 $929,900 $231 148 days 7/27/26
5767 Heathland Ter 3 3 2,408 $450,000 $447,500 $185 Unknown 7/24/26
5767 Heathland Terrace 3 3 2,406 $450,000 $447,500 $185 14 days 7/24/26
5163 Eros Way 4 3 2,572 $525,000 $518,000 $201 Unknown 7/24/26
54 Willis Dr 3 3 2,248 $435,000 $435,000 $193 Unknown 7/24/26
5 El Encanto Dr 3 4 4,372 $850,000 $880,000 $201 Unknown 7/24/26
6865 Stockwell Dr 4 4 3,600 $565,000 $560,000 $155 Unknown 7/24/26
8956 Gold Bluff Dr 4 3 2,313 $595,000 $580,000 $250 Unknown 7/24/26
1008 Vega Dr 3 2 1,686 $445,000 $445,000 $263 Unknown 7/24/26
4022 Colony Hills Circle 3 2 1,607 $349,900 $357,400 $222 32 days 7/24/26
7058 Fauna Glen Dr 3 3 2,174 $549,000 $540,000 $248 Unknown 7/24/26
1346 Commanchero Dr 4 2 1,345 $365,000 $365,000 $271 Unknown 7/24/26
9093 Pacific Crest Dr 3 3 1,627 $449,000 $435,000 $267 Unknown 7/24/26
10142 Thrive Ln 5 4 3,840 $815,000 $800,000 $208 Unknown 7/24/26
3440 Parkmoor Village Dr Unit D 2 1 862 $135,000 $130,000 $150 Unknown 7/24/26
3615 Camel Grv 5 5 5,539 $1,975,000 $1,975,000 $356 Unknown 7/24/26
4022 Colony Hills Cir 3 2 1,529 $349,900 $357,400 $233 Unknown 7/24/26
4271 Captain Jack Ln 5 4 3,440 $825,000 $825,000 $239 Unknown 7/24/26
Average: 3.7 2.9 2,356 $546,047 $540,034 $236 84 days
Viewing 1 - 50 of 4597
Viewing 1 - 50 of 4597
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