October is here, and Colorado Springs does fall better than almost anywhere. This week the city kicks off Arts Month, the Cool Science Festival returns for 16 days of free family events, the Colorado Springs Marathon fills the downtown streets, and the first full weekend of the month is packed with music, colors, and community gatherings. This early-October update covers the events to plan around, the community decisions that just landed (including a big one for Old Colorado City), and the freshest market picture I have for you as we close out September.

If you have been following my weekly updates through the summer, you know this market and this community move fast. Let's get you current.

Market Snapshot: The Most Current Published Data

September closing data typically does not report until early October, so the most current published figures right now span the late-summer snapshots. The read across sources is consistent: prices have held essentially flat for about four years, and the market has settled into a balanced, buyer-friendly groove rather than a boom or a crash.

Median home price: roughly $450,000 to $495,000 depending on the measure. The Pikes Peak Association of Realtors' August snapshot puts the median sale price around $449,000, while MLS-based figures run near $494,950 and listing medians sit around $500,000. Redfin's trailing three-month median lands near $460,000, down about 3.2% year over year.
Average sale price: about $568,600, down roughly 1% year over year. The average continues to run well above the median, a reminder that the upper end of the market carries real weight in our stats.
Days on market: roughly 42 to 48 days, about nine days longer than a year ago. Homes still sell for the right price and presentation, but buyers have room to think.
Inventory: about 4,300 homes for sale in the latest published count, up about 2% year over year, with supply around 3.8 months. The sharper climb of 25% plus seen earlier in 2026 flattened through the summer, which is typical seasonality on top of a normalizing market.
About 14% of homes still sell above asking, so demand remains real for the right property in the right neighborhood.

The through-line for sellers has not changed: pricing it right from day one is everything, because buyers are disciplined and roughly half of active listings carry a price adjustment at some point. For a neighborhood by neighborhood breakdown, visit my complete market report page.

Events: The First Week of October

This is one of the fullest weeks on the Pikes Peak region's calendar. Here is the lineup:

Arts Month Begins (October 1-31)

Arts Month kicks off October 1. The Cultural Office of the Pikes Peak Region celebrates the arts all month with 250+ events citywide. The opener is a Design Week speaker event on October 1 at The Wolf Den, and it is all wrapped around First Friday on October 2.
First Friday: Kick-Off Arts Month. Friday, October 2 at the Colorado Springs Pioneers Museum, with galleries, studios, and museums across the city welcoming visitors. A wonderful reason to walk downtown and Old Colorado City.

Weekend of October 2-4

Concrete Couchella. Friday and Saturday, October 2-3, at the CONCRETE COUCH nonprofit's roughly 8-acre park near downtown. A community celebration with live music, food, and local vendors that keeps growing every year.
BuffaloGrass Music Festival. October 2-4 at Buffalo Lodge Bicycle Resort, 3430 W. Colorado Ave., with bluegrass, jam circles, good food, and mountain vibes.
Cool Science Festival kickoff: Carnival Day for Kids. Saturday, October 3, 10 a.m. to 4 p.m. at UCCS, co-hosted with the Space Foundation Discovery Center. The festival runs October 3-18 with 16 days of free STEAM events all over the city, perfect for families with school-age kids.
Colorado Springs Marathon. Saturday, October 3, the 13th annual race starting downtown on Tejon Street and finishing in the urban core. A great spectator weekend, and a reminder of how walkable downtown has become.
Witches & Ghouls Halloween Paddle. Saturday, October 3, a costume paddle on the water for local paddlers of all kinds.
Switchbacks FC home matches. The Colorado Springs Switchbacks play at Weidner Field on October 2-3, with Oakland Roots SC visiting to close out the home run.
Garden of the Gods Motorless Morning. The first Sunday of the month, October 4, from 5 a.m. to noon, when the park is open to walkers and cyclists only. A serene way to start the day under peak fall color.

Later in October

Pumpkin season is in full swing. Long Neck Pumpkin Farm runs through October 26, and the Miners' Pumpkin Patch returns to the Western Museum of Mining & Industry on Saturdays in October. Both are favorites with local families.
America 250 and Colorado 150 celebrations continue. With Colorado's sesquicentennial and the nation's 250th overlapping, community-hosted gatherings like the "150 Tables Across COS" dinners led by Hey Neighbor are a warm way to meet neighbors across the city. Watch local listings for dates near you.
One to watch: Emma Crawford Coffin Races. Traditionally a highlight of late October in nearby Manitou Springs, this year's race is slated for October 24. Given the future of the event was in question earlier this year, confirm plans before you travel. If it runs, it is one of Colorado's most delightfully quirky traditions and a short drive from the Springs.

Community News: Decisions and Developments That Just Landed

Two stories I flagged in my last couple of updates reached their resolution this week, plus one big long-term item is officially on the ballot:

Old Colorado City's Downtown Development Authority is dissolved. On Tuesday, September 22, the City Council voted 5-4 to dissolve the Old Colorado City Downtown Development Authority. The voter-approved body formed in 2024 to raise money for the historic district, but its mill levy never passed, and council delayed its September 8 decision to give the board a final chance to make its case. This is a meaningful story for anyone following the west side: the district remains vibrant, but its dedicated funding mechanism is now officially gone. The DDA's property was to be conveyed, and the district's bills were to be covered by the city and county through year's end.
Issue 7A, the "Colorado Connector" passenger rail, is certified for the November ballot. The Secretary of State certified the Front Range Passenger Rail District measure on September 4. It would raise about $295 million annually, with up to $580 million in debt, to build the southern stretch of the Colorado Connector from Denver to Pueblo, with a downtown Colorado Springs station planned next to the U.S. Olympic & Paralympic Museum within the 82-acre Park Union area. The measure also adds a Trinidad station and increases service frequency. The Downtown Partnership endorsed it in mid-September, and ColoRail hosted a public meeting in Colorado Springs on September 12. If it passes, it is a long-term win for transit-oriented neighborhoods along the Front Range.
The Banning Lewis Ranch expansion is locked in. The City Council's unanimous September 8 approval covers more than 1,170 acres in two development phases (B2 and C) with roughly 5,000 new homes, plus schools, parks, trails, and commercial space. Land originally annexed into Colorado Springs back in 1988 is now the defining growth story of the far east side, and construction is already underway.
Other threads to keep watching. The OneVela 27-story apartment tower remains on track for a construction start by year's end, Draper Commons continues adding middle-income and affordable units downtown (including the 185-unit Bristow House), and the I-25 widening between Fillmore and Garden of the Gods presses on with the Hancock Expressway segment expected to reopen early this month.

What These Developments Mean for Your Neighborhood Search

Old Colorado City (west side). The DDA vote changes the funding picture but not the district's appeal: historic homes, a walkable main street, arts and galleries, and proximity to Garden of the Gods remain the draw. First Friday this week is a great excuse to visit. Note that home values here are driven by character and location, not by the DDA itself.
Downtown (central). With Issue 7A formally on the ballot, a downtown station in Park Union, and the $2.6 billion invested in the urban core over the past decade, downtown living continues to gain long-term upside. If you want walkable access to dining, arts, and entertainment, October is a beautiful month to explore it.
Far east side (Banning Lewis Ranch and beyond). The approved 5,000-home expansion, plus active building at Bradley Heights on Marksheffel and Bradley Roads and retail like the planned Barnes & Noble at First & Main, make the east corridor the region's clearest long-term growth play. New construction buyers should be in conversations now to lock in phase pricing.

What This Means for You

If you are buying: With inventory around 4,300 homes, supply near 3.8 months, and days on market stretching to the mid-40s, you have real selection and genuine negotiating room this fall. Motivated sellers, completed new builds, and owners who want to close before the holidays all work in your favor. Fall is also when many families decide to move between school years, so good homes do still go quickly when priced right. Get pre-approved, know your must-haves, and let's find your best home.

If you are selling: The fundamentals have not changed: price it right from day one and present your home well. With roughly half of listings carrying price reductions, buyers are disciplined, and the roughly 14% that still sell above asking prove demand exists for the right property. Motivated fall buyers tend to move faster when pricing is accurate and marketing is strong. If you want to sell before the holidays, the conversation should start now. Reach out and let's go through the data for your neighborhood together.

If you are relocating or investing: The long-term story keeps strengthening: a passenger-rail measure on the November ballot, $2.6 billion invested downtown over the past decade, a 5,000-home expansion approved on the east side, and continued housing diversity downtown and across the city. Neighborhoods that pair strong schools with infrastructure tend to reward patient owners over time. This is also the most beautiful time of year to fly in for a visit: come see the aspens, walk a pumpkin patch, and experience why people move here.

Whether you are buying, selling, investing, or just curious about what is happening in Colorado Springs, I am here to help. Contact me today. Let's talk about your real estate goals. Thank you, talk to you soon!

Early October 2026: Colorado Springs Fall Events, Community News & Market Update