Colorado Springs, CO Real Estate & Homes for Sale

The Colorado Springs housing market remains relatively stable, with a median sale price of $448K, down 1.6% from last year, suggesting a slight cooling. However, the price per square foot has increased by 2.3% to $219, indicating ongoing demand for space. Homes typically sell in 38 days and close 0.9% below the list price, reflecting some room for negotiation. With 572 homes sold last month and buyers often putting down a 20% down payment, the market shows balanced activity with modest price shifts.

The Colorado Springs housing market is moderately competitive, with homes typically selling in around 38 days. Some properties attract multiple offers, and on average, homes sell for about 1% below the list price. However, in-demand "hot" homes can sell for around 1% above the list price and go pending in as little as 16 days.

People moving to Colorado Springs are coming from various parts of the country, with 0.43% of homebuyers nationwide searching to relocate there from outside metropolitan areas. Among these, Denver tops the list as the primary city from which homebuyers are looking to move to Colorado Springs, followed by Los Angeles and Dallas. This suggests that the area's appeal is strong both within Colorado and in larger metro areas across the U.S.