Is Manitou Springs, CO 80829 a buyer’s or seller’s market?

The Manitou Springs housing market right now

In the three months ending August 31, 2026, 14% of homes in Manitou Springs, CO 80829 sold above their list price, the typical home went under contract in 45 days and there were 9.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 22 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (15% then), homes sold more slowly (36 days then) and the median sale price fell 3% to $669,710. Overall, Manitou Springs is less competitive than a year ago, which gives buyers more room.

Within El Paso County, homes here sell faster than in 56% of the county’s ZIP codes, and sell less often over asking than in 64%. On our competition score, Manitou Springs ranks #150 of 239 CO ZIP codes with enough sales (score 33 out of 100).

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.