Monument, CO Real Estate & Homes for Sale

The Monument housing market has shown growth over the past year, with the median sale price climbing to $709K, a 5.9% increase from the previous year. The median price per square foot has also risen to $219, reflecting an 8.7% year-over-year gain. Homes are selling for an average of 1.3% below the list price and typically spend around 75 days on the market before closing. Buyers in Monument are making significant investments, with an average down payment of 39.2%. Despite these competitive trends, only 20 homes were sold recently, highlighting a relatively low inventory that may contribute to the rising prices and extended time on the market. These dynamics make Monument an attractive, yet selective, housing market for both buyers and sellers.

The Monument housing market is moderately competitive, with homes typically selling within 75 days. While some properties attract multiple offers, the average home sells for about 1% below the list price and goes pending in approximately 75 days. However, hot properties stand out, often selling around the list price and going under contract in as little as 34 days, reflecting strong demand for well-priced, desirable homes in the area.

In November 2024, Monument, CO, was classified as a balanced market, indicating that the supply of homes aligns closely with buyer demand. This equilibrium creates a stable environment where neither buyers nor sellers hold a distinct advantage, often leading to fair pricing and reasonable negotiation opportunities. This balance provides a steady pace for the local housing market, making it an appealing option for those seeking consistency in their real estate transactions.