Top Medium Teams in Colorado Springs, Colorado – Ranked by Sides

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2023 Colorado Springs, Colorado Housing Market Summary

Colorado Springs, Colorado started 2023 with a total of 1,067 single-family homes on the market, with a median home price of $515,000 and an average price per square foot of $234. By the end of the year, inventory had decreased to 1,036 homes on the market (-2%), with a median home price of $499,925 (-2%) and an average price per square foot of $240 (+2%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 70 days.

Colorado Springs started the year with 54% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 46% of Colorado Springs homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Colorado Springs started 2023 as a strong seller’s market, with an MAI score of 47; by the end of the year, the MAI had dropped to 41 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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