Colorado Springs, Colorado started 2024 with a total of 980 single-family homes on the market, with a median home price of $515,000 and an average price per square foot of $243.84. By the end of the year, inventory had increased to 1,406 homes on the market (+43%), with a median home price of $500,000 (-3%), and an average price per square foot of $254 (+4%).
At the start of 2024, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 70 days.
Colorado Springs, Colorado started the year with 43.37% 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 50.85% of homes for sale had taken a price cut.
