Is Simla, CO 80835 a buyer’s or seller’s market?
Simla is a seller’s market. With about 3.8 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Simla housing market right now
In the three months ending August 31, 2026, 0% of homes in Simla, CO 80835 sold above their list price, the typical home went under contract in 90 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 10%, homes sold more slowly (43 days then) and the median sale price rose 43% to $338,653. Overall, Simla is less competitive than a year ago, which gives buyers more room.
Within Elbert County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Kiowa 80117 (23% sold over asking) and Elbert 80106 (22% sold over asking) are even more competitive.
Run the numbers for 80835
Nearby markets
Agate 80101 — /sq ftElbert 80106Seller’s market $295 /sq ftElizabeth 80107Balanced $221 /sq ftKiowa 80117Seller’s market $265 /sq ft Browse all markets →Where Simla is
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Questions about Simla real estate
Is Simla a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Simla, CO 80835 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Simla?
The typical home went under contract in 90 days in the latest three months.
Do homes in Simla sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Simla?
About 0.45% of a home’s value a year in Elbert County, or roughly $1,800 on a $400,000 home.
What is the median home price in Simla?
The median sale price was $338,653 in the three months ending August 31, 2026, about $134 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology