Is Colorado Springs, CO 80916 a buyer’s or seller’s market?

The Colorado Springs housing market right now

In the three months ending August 31, 2026, 24% of homes in Colorado Springs, CO 80916 sold above their list price, the typical home went under contract in 42 days and there were 6.1 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 85 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (25% then), homes sold about as fast and the median sale price fell 4% to $342,302. Overall, Colorado Springs is about as competitive as it was a year ago.

Within El Paso County, homes here sell faster than in 61% of the county’s ZIP codes, and sell more often over asking than in 86%. On our competition score, Colorado Springs ranks #76 of 239 CO ZIP codes with enough sales (score 49 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.