Is Colorado Springs, CO 80951 a buyer’s or seller’s market?
Colorado Springs is a seller’s market. With about 1.9 months of supply and 40% 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.
More competitive than 82% of U.S. ZIP codes, and #2 of 239 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Colorado Springs housing market right now
In the three months ending August 31, 2026, 40% of homes in Colorado Springs, CO 80951 sold above their list price, the typical home went under contract in 35 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 31 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 21%, homes sold about as fast and the median sale price fell 4% to $414,821. Overall, Colorado Springs is more competitive than a year ago, so tougher for buyers.
Within El Paso County, homes here sell faster than in 81% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Colorado Springs ranks #2 of 239 CO ZIP codes with enough sales (score 77 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).
Run the numbers for 80951
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 1.9 months of supply in Colorado Springs, CO 80951 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 35 days in the latest three months.
Do homes in Colorado Springs sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 100.9% 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 $414,821 in the three months ending August 31, 2026, about $209 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