Colorado Springs
Market Report

For buyers: The Colorado Springs market continues to offer a balanced, buyer-friendly environment. With the median home price around $467,000-$495,000 (depending on the data source) and an average sale price of approximately $577,000, there is strong value compared to the Denver metro. Nearly 5,800 active listings give you real selection, and homes are averaging 49-58 days on market, giving you time to evaluate options. Months of supply at 4.4 indicates a balanced market trending toward buyer leverage, with roughly 54% of listings carrying price adjustments. About 14% of homes still sell above asking price, showing demand remains healthy for well-positioned properties. Get pre-approved, know your priorities, and work with an agent who knows the neighborhoods. This market rewards thoughtful buyers.

For sellers: Pricing correctly from day one is the single most important factor. With nearly 5,800 active listings on the market, buyers have choices. Roughly 54% of listings have seen price reductions, so homes priced competitively from the start, professionally presented, and marketed effectively are the ones that stand out. About 14% of listings are still selling above original list price, showing that demand exists for the right homes. The Elevate Downtown master plan ($2.5 billion approved August 4), Fort Carson expansion, and Banning Lewis Ranch growth are all positive long-term signals. If you are considering selling, let's look at the data together and set a strategy that gets results.

For the community: Colorado Springs continues to grow at a measured, sustainable pace. The Elevate Downtown master plan was approved on August 4, targeting $2.5 billion in housing, green space, business, and cultural investment downtown over the next decade. Banning Lewis Ranch updated land plans could add up to 5,000 additional homes to the east side. Fort Carson is preparing for a major expansion expected to add roughly 13,000 military and civilian personnel plus 18,000 family members, driving housing demand in the south corridor. New affordable housing projects — Draper Commons Phase Three (200 units downtown), Bentley Commons Phase II (168 units southeast), and Arrowleaf Senior Housing (110 senior apartments) — are adding options. The Airport Road & Powers Boulevard diverging diamond interchange is fully open. Academy District 20 received a $42.7 million federal grant to rebuild Douglass Elementary on the Air Force Academy. The Southeast Strong Neighborhood Plan was adopted July 28. Community-First Data Center Standards were approved August 14. The OneVela 27-story apartment tower is on track to begin construction by end of 2026. Las Vegas Street $30 million wastewater upgrade is underway. The Kelker Substation $140 million expansion continues. Updated September 1, 2026.