Colorado Springs
Market Report.
Markets change. Numbers move. That's why we don't publish a static snapshot here: we track the current data and translate it into what actually matters for you. Below, you'll find what makes this market worth watching and how today's conditions affect buyers and sellers.
What's Happening in the Colorado Springs Real Estate Market?
Current El Paso County Market Stats
Live MLS count as of November 2, 2026
- Active listings: 3,131 (down 80 from last week)
- New listings this week: 165 (down 18)
- New pendings this week: 161 (up 22)
- Price reductions this week: 360 (down 47)
- Median sold price, last 30 days: $475,000
- Sale price vs. original list price: 96.5%
- Median days on market (sold homes): 40
- Months of inventory: 5.8
Townhomes and condos are moving slower, with 613 active, 29 new listings against just 20 new pendings, and about 6.7 months of inventory, so condo and townhome buyers hold the most leverage in the county right now.
Here’s what changed. Last week, buyers signed about 3 contracts for every 4 new listings. This week it was nearly 1 to 1, with 161 new pendings against 165 new listings. When demand keeps pace with new supply, the number of homes on the market starts to shrink, and that’s exactly what happened, with 80 fewer homes available than a week ago. Sellers also eased up on price cuts, from 407 last week to 360 this week. One number to watch is the pricing gap. Homes sold for 99.8% of their final list price but only 96.5% of their original price. On a $500,000 home, that gap is roughly $16,500, which is about what starting too high costs a seller.
Information current as of November 2, 2026.
Why Are People Moving to Colorado Springs?
Strong, Steady Demand
Colorado Springs benefits from a stable, diversified economy anchored by military installations, aerospace, defense, and a growing tech sector. Demand for housing has remained consistent even as national markets fluctuate.
Military Presence
Fort Carson, Peterson Space Force Base, Schriever SFB, and the Air Force Academy bring a constant cycle of service members and families. PCS season creates predictable, recurring demand — especially in family-friendly neighborhoods.
New Construction Growth
Builders continue expanding across the Springs — from starter homes to luxury estates. New construction offers buyers more choices, and builder incentives can make purchasing a new home especially attractive in certain market conditions.
Lifestyle Appeal
Over 300 days of sunshine, world-class hiking and skiing, Pikes Peak in your backyard, and a community that still feels like a community. People move here for the lifestyle — and they stay because of it.
Relocation Magnet
Buyers from higher-cost states — California, the Pacific Northwest, the Northeast — continue discovering that Colorado Springs offers more home, more space, and a better quality of life for their money.
Diverse Price Points
From affordable starter homes to luxury estates with mountain views, Colorado Springs offers options across a wide range of budgets. The market has something for first-time buyers, growing families, and retirees alike.
How Do Current Market Conditions Affect Me?
Is Now a Good Time to Buy in Colorado Springs?
The Colorado Springs market has shifted toward more balance in recent years. Buyers have more options and more room to negotiate than they did during the peak frenzy — but the best homes in desirable neighborhoods still move quickly. Being pre-approved, knowing your budget, and having an agent who can move fast still makes the difference. The real key is understanding your neighborhood-level market, not just the citywide average.
Should I Sell My Home in Colorado Springs Right Now?
Homes that are priced right, presented well, and marketed aggressively still sell. The difference today is that buyers have more choices, which means overpriced homes sit. Honest pricing from day one — not aspirational pricing that costs you weeks of market time — is the strategy that works. We'll show you exactly where the market is and position your home to compete.
The Bottom Line
The national headlines rarely capture what's happening in Colorado Springs. This market is driven by military moves, tech growth, new construction, and continued migration from higher-cost states. It's not a bubble — it's a community that people want to live in. The best strategy is to work with someone who knows this market at the neighborhood level and can help you make decisions based on real, current data.
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