Secondary metropolitan market · Colorado · September 2026 data

What is the Colorado Springs, CO real estate market doing?

As of September 2026, the median home listed in Colorado Springs, CO asks $484,950, down 2.8% year over year. Homes spend a median of 67 days on market, with 4,266 active listings and 31% carrying a price cut; pending contracts equal 29% of active listings, and inventory sits at 207% of the same month in 2019 — a buyer's market. Estimated gross rental yield on the median listing is 4.3%. Figures come from public records and industry data, updated monthly.

Median listing price
$484,950
▼ 2.8% YoY
Median $ / sq ft
$231
2,164 sq ft median
Median days on market
67
September 2026
Active listings
4,266
For sale now
New listings
1,178
September 2026
Listings with price cuts
31%
Share of active
Inventory vs 2019
207%
Same month, 2019 = 100
Pending / active
29%
Contract activity
Median sale price (closed)
$482,500
▼ 1.1% YoY · closed sales · July 2026
Sale-to-list ratio
99.0%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
976
Closed sales · July 2026, seasonally adjusted

What is the Colorado Springs, CO housing market doing right now?

The Colorado Springs, CO housing market lists at a $484,950 median as of September 2026, down 2.8% year over year, with a 67-day median market time and 4,266 homes for sale (31% with a price cut). Active inventory is 207% of the 2019 level, reading as a buyer's market under WealthyBud's published buyer/seller rule. Gross rental yield is about 4.3%.

Colorado Springs housing market statistics

The table summarizes Colorado Springs's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Colorado Springs.

Colorado Springs, CO housing market at a glance — September 2026
MetricLatestDetail
Median listing price$484,950-2.8% YoY
Median price per sq ft$2312,164 sq ft median
Median days on market67+4% YoY
Active listings4,266+9% YoY
New listings this month1,178September 2026
Listings with a price cut31%Share of active
Median sale price (closed)$482,500-1.1% YoY · closed sales, July 2026
Sale-to-list ratio99.0%Closed sales, July 2026, seasonally adjusted
Pending-to-active ratio29.3%1,252 pending
Inventory vs 2019207%Active listings vs same month in 2019
Gross rental yield4.3%2BR fair market rent

How have home prices changed in Colorado Springs?

Colorado Springs home prices are down 2.8% year over year and -0.8% month over month as of September 2026, at a $484,950 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.

$515K$505K$495K$486K Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26

Median listing price, Colorado Springs CO · trailing 8 quarters · source: public records and industry data.

The 10-year view
$550K$505K$459K$414K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Colorado Springs CO · June of each year, 2017–2026 · source: public records and industry data.

How much inventory is on the market in Colorado Springs?

Colorado Springs has 4,266 active listings, 1,178 new this month, 1,252 pending as of September 2026. About 31% of active listings have cut their price, and inventory sits at 207% of its 2019 level — a buyer's market by pace.

Active listings
4,266
New this month
1,178
Pending
1,252
Price-reduced
1,306

Is Colorado Springs a good real estate investment?

Colorado Springs scores 38/100 on WealthyBud's composite Investor Score, ranking #696 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.

Investor Score
38/100
#696 of 933 covered metros
12-month outlook
-4.3%
▼ Cooling · model output, not advice
Price volatility
Medium
σ 6.3% · 20-yr price-index swings
Momentum
38
Value
44
Rental yield
60
Supply risk
98
Market heat
50

Colorado Springs scores 38/100 on our composite Investor Score (#696 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 32% over five years and +105% over ten, leaving prices 52% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,727/mo for a two-bedroom, the gross rental yield on the median listing is about 4.3%; active inventory sits at 207% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 2.8% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Colorado Springs ranks on the trending markets index.

How much is a monthly mortgage payment in Colorado Springs?

A home at Colorado Springs's $484,950 median listing runs about $2,654 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.

If rates fall 1% · 6.28%
$2,396/mo
−$258/mo vs today
At today's rate · 7.28%
$2,654/mo
National weekly average
If rates rise 1% · 8.28%
$2,923/mo
+$268/mo vs today

Principal & interest on the $484,950 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.

How much income do you need to buy a home in Colorado Springs?

To buy Colorado Springs’s $484,950 median listing with 20% down, a household needs about $121,000 a year in gross income, keeping principal, interest and property tax ($2,820/mo) at 28% of income. That is 1.4× the area’s $87,180 median household income, so a typical Colorado Springs household cannot afford the median listing on these terms.

Income needed to buy the median home in Colorado Springs, CO — September 2026
ItemAmountBasis
Median listing price$484,950September 2026
Down payment (20%)$96,990Assumption
Principal & interest (7.28%, 30-yr fixed)$2,654/moRate as of 2026-10-01
Property tax (0.41% effective rate)$166/moCensus ACS
Income needed (28% rule)$121,000Gross household income / yr
Median household income$87,180Census ACS 2023 ACS 5-year

Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.

What is driving the Colorado Springs housing market?

Longer-run demand in Colorado Springs shows up in 5,833 homes permitted in 2025; net migration of +434 residents; +0.4% job growth. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.

Building permits (2025)
5,833
▲ 43.9% vs 2024
7.7 per 1,000 residents
Net migration (2022–2023)
+434
▲ people, via tax-return records
net income flow +$77.4M/yr
Job growth (YoY)
+0.4%
▲ 332.6k nonfarm jobs · August 2026
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

What is the latest Colorado Springs real estate news?

Colorado Springs' housing market shows mixed signals with stable prices and balanced conditions, but also a shortage for middle-income earners. — AI-generated summary of the headlines above; read the linked coverage before relying on it.

Headlines collected 2026-07-05; each links to the original publisher.

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Colorado Springs housing market FAQ

What is the median home price in Colorado Springs?
As of September 2026, the median listing price in Colorado Springs, CO is $484,950, down 2.8% year over year (source: public records and industry data).
How much does it cost to buy a home in Colorado Springs?
The median home listed in Colorado Springs asks $484,950 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $2,654 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Colorado Springs?
The median property in Colorado Springs spends 67 days on the market, with 4,266 homes actively listed and 31% of them carrying a price cut — a buyer's market as of September 2026.
Is it a buyer's or seller's market in Colorado Springs?
With a median 67 days on market and 31% of active listings carrying a price cut, pending contracts at 29% of active listings, Colorado Springs reads as a buyer's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Colorado Springs a good place to invest in real estate?
Colorado Springs scores 38/100 on WealthyBud's Investor Score, ranking #696 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Colorado Springs?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Colorado Springs and the wider Colorado market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.

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Jasper Lindqvist Commercial Real Estate Analyst

Jasper Lindqvist is a commercial real estate analyst who covers office, retail and industrial property trends, cap rates and vacancy using public REIT filings and market reports. He focuses on how commercial demand shifts ripple into residential markets.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.