Colorado Springs Colorado Housing Market Overview
The Colorado Springs housing market presents a dynamic landscape for homeowners considering a sale. With a median sale price of $464,000, the local market remains robust, showing a modest 3.1% increase from last year. This positions Colorado Springs homes at 8% above the national average, reflecting the area’s sustained desirability among buyers. Current market indicators paint an interesting picture for sellers; while 22.8% of homes sell above list price, the average property spends about 51 days on the market. The market shows both opportunities and challenges, with 28.6% of listings experiencing price adjustments. Properties in sought-after neighborhoods like Broadmoor, Old North End, and Briargate continue to attract strong interest, although market conditions can vary significantly by location.