Is Colorado Springs, CO 80938 a buyer’s or seller’s market?
Colorado Springs is a seller’s market. With about 1.5 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 Colorado Springs housing market right now
In the three months ending August 31, 2026, 0% of homes in Colorado Springs, CO 80938 sold above their list price, the typical home went under contract in 47 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold faster (56 days then) and the median sale price rose 9% to $499,684. 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 61% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Colorado Springs 80951 (40% sold over asking) and Colorado Springs 80911 (31% sold over asking) are even more competitive.
Run the numbers for 80938
Nearby markets
Calhan 80808Buyer’s market $235 /sq ftCascade 80809Balanced $344 /sq ftColorado Springs 80903Buyer’s market $318 /sq ftColorado Springs 80904Balanced $264 /sq ft Browse all markets →Towns like Colorado Springs nearby
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Questions about Colorado Springs real estate
Is Colorado Springs a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Colorado Springs, CO 80938 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 Colorado Springs?
The typical home went under contract in 47 days in the latest three months.
Do homes in Colorado Springs sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Colorado Springs?
About 0.41% of a home’s value a year in El Paso County, or roughly $1,640 on a $400,000 home.
What is the median home price in Colorado Springs?
The median sale price was $499,684 in the three months ending August 31, 2026, about $168 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