Is East Colorado Springs, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, East Colorado Springs has remained a Buyer's Market.
Housing Prices in East Colorado Springs, CO
How much do homes in East Colorado Springs, CO cost?
Median Sold Price
$405,000
$237/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in East Colorado Springs was $405,000 in May 2024, down 4.6% from last month, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $185K | $295K | +59.5% |
3 Bedrooms | $361.7K | $400K | +10.6% |
4 Bedrooms | $442K | $429.9K | -2.7% |
5+ Bedrooms | $490K | $582.5K | +18.9% |
Summary: East Colorado Springs housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Neighborhoods
East Colorado Springs | $424.5K | $405K | -4.6% |
Village Seven | $454K | $400K | -11.9% |
Housing Supply in East Colorado Springs, CO
How many homes are available in East Colorado Springs, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
127 | 206 | +62.2% |
Summary: The East Colorado Springs real estate market had 206 homes for sale in May 2024, a 62.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 18 | 32 | +77.8% |
3 Bedrooms | 44 | 66 | +50.0% |
4 Bedrooms | 43 | 80 | +86.0% |
5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The East Colorado Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 86%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 26 | +116.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in East Colorado Springs in May 2024, up by 116.7% month-over-month. Of the 26 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.
Days on Market for East Colorado Springs, CO
How long does it take to sell a home in East Colorado Springs, CO?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 Days | 24 Days | +3.9% |
Summary: Homes in East Colorado Springs had an average of 24 days on market in May 2024, up by 3.9% compared to last month.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in East Colorado Springs; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.