Is Cheyenne Mountain, 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, Cheyenne Mountain has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $1.2M | N/A |
4 Bedrooms | $625K | $948.5K | +51.8% |
5+ Bedrooms | $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 | $1.4M | $999.9K | -33.1% |
Cheyenne Mountain | $1.6M | $1.0M | -34.6% |
Housing Supply in Cheyenne Mountain, CO
How many homes are available in Cheyenne Mountain, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 87 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 8 | +166.7% |
3 Bedrooms | 11 | 21 | +90.9% |
4 Bedrooms | 13 | 23 | +76.9% |
5+ Bedrooms | 28 | 34 | +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 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +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
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 2024 | May 2024 | CHANGE |
---|---|---|
11 Days | 68 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
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.