Is Cheyenne Mountain, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheyenne Mountain is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Cheyenne Mountain has remained a Buyer's Market.

Key Takeaway

Cheyenne Mountain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cheyenne Mountain, CO

How much do homes in Cheyenne Mountain, CO cost?

Median Sold Price

$1,087,500

$225/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$575,000(-34.6%)

Key Takeaway

Homes in Cheyenne Mountain have sold for 34.6% less than they did a month ago.

Summary: The median home sold price in Cheyenne Mountain was $1,087,500 in May 2024, down 34.6% from last month, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 -$1.2M
N/A
4 $625K$948.5K
+51.8%
5+ $2.7M$1.0M
-62.0%

Summary: Cheyenne Mountain 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 51.8%, and 5+ bedroom homes decreased by 62%.

Median Sold Price Compared To Nearby Cities

Pikes Peak
-33.1%
Cheyenne Mountain
-34.6%

Housing Supply in Cheyenne Mountain, CO

How many homes are available in Cheyenne Mountain, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5687+55.4%

Summary: The Cheyenne Mountain real estate market had 87 homes for sale in May 2024, a 55.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 38
+166.7%
3 1121
+90.9%
4 1323
+76.9%
5+ 2834
+21.4%

Summary: The Cheyenne Mountain 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 166.7%, 3 bedroom homes increased by 90.9%, 4 bedroom homes increased by 76.9%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheyenne Mountain, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Cheyenne Mountain in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Cheyenne Mountain, CO

How long does it take to sell a home in Cheyenne Mountain, CO?

Average Sale Time

Apr 2024May 2024CHANGE
11 Days68 Days+520.5%

Summary: Homes in Cheyenne Mountain had an average of 68 days on market in May 2024, up by 520.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cheyenne Mountain are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in Cheyenne Mountain; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Cheyenne Mountain, CO

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