Is Colorado Springs, CO 80904 a buyer’s or seller’s market?

The Colorado Springs housing market right now

In the three months ending August 31, 2026, 8% of homes in Colorado Springs, CO 80904 sold above their list price, the typical home went under contract in 52 days and there were 6 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. That’s based on 87 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 15%, homes sold about as fast and the median sale price fell 2% to $485,990. Overall, Colorado Springs is less competitive than a year ago, which gives buyers more room.

Within El Paso County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in 78%. On our competition score, Colorado Springs ranks #190 of 239 CO ZIP codes with enough sales (score 22 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.