Is Palmer Lake, CO 80133 a buyer’s or seller’s market?

The Palmer Lake housing market right now

In the three months ending August 31, 2026, 11% of homes in Palmer Lake, CO 80133 sold above their list price, the typical home went under contract in 54 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (37 days then) and the median sale price fell 16% to $624,730. Overall, Palmer Lake is less competitive than a year ago, which gives buyers more room.

Within El Paso County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 69%.

Nearby, buyers who want less competition could look at Colorado Springs 80939 (0% sold over asking) or Colorado Springs 80938 (0% sold over asking), while Colorado Springs 80951 (40% sold over asking) and Colorado Springs 80911 (31% sold over asking) are even more competitive.