Is Pikes Peak, 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, Pikes Peak has remained a Buyer's Market.
Housing Prices in Pikes Peak, CO
How much do homes in Pikes Peak, CO cost?
Median Sold Price
$999,950
$398/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Pikes Peak was $999,950 in May 2024, down 33.1% from last month, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $999.9K | N/A |
4 Bedrooms | $1.4M | - | N/A |
5+ Bedrooms | $1.1M | - | N/A |
Summary: Pikes Peak 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 did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Manitou Springs | $700K | $989.9K | +41.4% |
Pikes Peak | $1.4M | $999.9K | -33.1% |
Housing Supply in Pikes Peak, CO
How many homes are available in Pikes Peak, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 45 | +36.4% |
Summary: The Pikes Peak real estate market had 45 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Pikes Peak housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Pikes Peak in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Pikes Peak, CO
How long does it take to sell a home in Pikes Peak, CO?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 Days | 26 Days | -75.5% |
Summary: Homes in Pikes Peak had an average of 26 days on market in May 2024, down by 75.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Pikes Peak; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.