Real Estate Market Update for Colorado Springs, CO

Video: Real Estate Community Tour for Colorado Springs, CO

See Real estate community tour for Colorado Springs, CO
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 18% from one year earlier, and down 1% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 9%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 280-thousand dollars. The number of units sold increased 43% year-over-year, and decreased 8% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Colorado Springs, CO
Area Information for Colorado Springs, CO
  • Population: 435,969
  • Median Age: 35.88 yr
  • Median Commute Time: 20 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,239/sq mi
  • Population Change Since 2000: 20.09%
  • Closest Airport: City Of Colorado Springs Municipal
  • Closest College: University Of Colorado At Colorado Spgs
  • Closest Jr. College: Remington College-colorado Springs
  • Median Household Income: $55,023
  • Annual Residential Turnover: 22%
  • Median Home Sales Price: $200,000
  • Closest Major Sports Team: Colorado Springs Sky Sox (aaa)
  • Change Avg. Household Income Since 2000: 27.44%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Colorado Springs, CO
Median Age: 35.88 Married: 41% Number of Households: 175,325 Households with Children: 53,755
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Colorado Springs, CO

      School Name Distance Type Grades School Rating Parent Rating
      Sand Creek Elementary School 0.7 mi Public PRESCHOOL-PRESCHOOL 3 0
      Wildflower Elementary School 1.1 mi Public K-5 4 0
      Mitchell High School 1.3 mi Public 9-12 1 2
      Achievek12 1.9 mi Public K-12 2 0
      Madison Elementary School 2.1 mi Public PRESCHOOL-5 3 0
      Sierra High School 2.1 mi Public 9-12 1 3
      St Mary's High School 2.2 mi Catholic 9-12 0 4
      Mountain Vista Community School 2.3 mi Public K-8 4 0
      James Irwin Charter Middle School 2.5 mi Public 6-8 3 0
      James Irwin Charter High School 2.5 mi Public 9-12 4 4
      James Irwin Charter Elementary School 2.5 mi Public K-5 4 0
      James Irwin Charter Academy 2.6 mi Public -5 3 0
      Colorado Springs Charter Academy 2.9 mi Public K-8 3 0
      Rocky Mountain Classical Academy 3.1 mi Public K-8 3 0
      Falcon Virtual Academy 3.3 mi Public K-12 2 0
      Soaring Eagles Elementary School 3.3 mi Public PRESCHOOL-5 4 0
      Columbia Elementary School 3.3 mi Public PRESCHOOL-5 4 0
      Harrison High School 3.4 mi Public 9-12 2 4
      Stratton Elementary School 3.8 mi Public PRESCHOOL-5 4 0
      Stratton Meadows Elementary School 3.9 mi Public PRESCHOOL-5 3 0
      Palmer High School 4.0 mi Public 9-12 1 3
      Cheyenne Mountain Charter Academy 4.2 mi Public K-8 4 0
      Remington Elementary School 4.2 mi Public PRESCHOOL-5 3 0
      Steele Elementary School 4.2 mi Public K-5 4 0
      Rudy Elementary School 4.3 mi Public PRESCHOOL-5 3 0
      Fox Meadow Middle School 4.4 mi Public 6-8 3 0
      Doherty High School 4.5 mi Public 9-12 2 3
      Sand Creek High School 4.6 mi Public 9-12 1 4
      Bristol Elementary School 4.7 mi Public K-5 3 0
      Springs Ranch Elementary School 5.2 mi Public PRESCHOOL-5 3 0
      Otero Elementary School 5.2 mi Public PRESCHOOL-5 3 0
      Fremont Elementary School 5.4 mi Public K-5 3 0
      Widefield High School 5.4 mi Public 9-12 2 3
      Academy For Advanced And Creative Learning 5.4 mi Public K-8 5 0
      Widefield Elementary School 5.5 mi Public K-5 3 0
      Broadmoor Elementary School 5.6 mi Public K-6 5 0
      Skyway Park Elementary School 5.7 mi Public K-6 3 0
      Colorado Springs Christian 5.7 mi Private K-12 0 0
      The Colorado Springs School 5.8 mi Private PRESCHOOL-12 0 0
      Stetson Elementary School 5.8 mi Public PRESCHOOL-5 3 0
      Thomas Maclaren State Charter School 5.9 mi Public 6-12 5 1
      Cheyenne Mountain Junior High School 5.9 mi Public 7-8 5 0
      Pikes Peak Christian School 6.0 mi Private PRESCHOOL-12 0 0
      Mountainside Elementary School 6.0 mi Public K-5 3 0
      Midland Elementary School 6.0 mi Public K-5 3 0
      Cheyenne Mountain High School 6.1 mi Public 9-12 5 4
      Carson Middle School 6.2 mi Public 6-8 3 0
      King Elementary School 6.3 mi Public PRESCHOOL-5 3 0
      Fountain Valley School Of Colorado 6.3 mi Private 9-12 0 0
      Pinon Valley Elementary School 6.3 mi Public K-6 4 0
      Gold Camp Elementary School 6.3 mi Public K-6 4 0
      Civa Charter High School 6.3 mi Public 9-12 2 3
      Martinez Elementary School 6.4 mi Public PRESCHOOL-5 3 3
      Scott Elementary School 6.4 mi Public PRESCHOOL-5 4 0
      Holmes Middle School 6.4 mi Public 6-8 3 0
      Cheyenne Mountain Elementary School 6.4 mi Public K-6 5 0
      Colorado Springs Early Colleges 6.4 mi Public 9-12 5 3
      Jenkins Middle School 6.5 mi Public 6-8 3 0
      Coronado High School 6.5 mi Public 9-12 3 3
      Ridgeview Elementary School 6.8 mi Public PRESCHOOL-5 3 0
      Howbert Elementary School 6.9 mi Public PRESCHOOL-5 3 0
      Weikel Elementary School 7.0 mi Public PRESCHOOL-5 3 0
      Pioneer Elementary School 7.0 mi Public K-5 3 0
      Freedom Elementary School 7.3 mi Public PRESCHOOL-5 4 0
      Vista Ridge High School 7.5 mi Public 9-12 2 3
      Abrams Elementary School 7.7 mi Public K-5 3 0
      Sunrise Elementary School 7.8 mi Public K-5 2 3
      Frontier Elementary School 8.0 mi Public PRESCHOOL-5 3 0
      Banning Lewis Ranch Academy 8.1 mi Public K-8 4 0
      Rockrimmon Elementary School 8.3 mi Public K-5 4 0
      Prairie Hills Elementary School 8.3 mi Public K-5 3 0
      Rampart High School 8.4 mi Public 9-12 4 3
      Academy Endeavour Elementary School 8.4 mi Public K-5 4 0
      Chipeta Elementary School 8.4 mi Public PRESCHOOL-5 5 0
      Eagleview Middle School 8.5 mi Public 6-8 4 3
      Mesa Ridge High School 8.6 mi Public 9-12 1 3
      Foothills Elementary School 8.6 mi Public K-5 4 0
      Aspen Valley High School 8.7 mi Public 9-12 2 3
      Trailblazer Elementary School 8.8 mi Public K-5 3 0
      Explorer Elementary School 8.9 mi Public PRESCHOOL-5 4 0
      Timberview Middle School 8.9 mi Public 6-8 4 0
      Liberty High School 8.9 mi Public 9-12 4 3
      Academy International Elementary School 9.1 mi Public K-5 5 0
      Ranch Creek Elementary School 9.3 mi Public PRESCHOOL-5 4 0
      Mountain Ridge Middle School 9.4 mi Public 6-8 3 0
      Chinook Trail Elementary School 9.9 mi Public K-5 5 0
      Mountain View Elementary School 10.3 mi Public K-5 4 0
      Woodmen-roberts Elementary School 10.3 mi Public PRESCHOOL-5 5 0
      Challenger Middle School 10.3 mi Public 6-8 5 0
      Pine Creek High School 10.8 mi Public 9-12 5 4
      Tca College Pathways 11.6 mi Public 7-12 5 4
      The Da Vinci Academy School 12.9 mi Public PRESCHOOL-5 4 0
      The Classical Academy High School 13.3 mi Public 9-12 5 4
      The Classical Academy Charter 13.3 mi Public K-6 4 0
      The Classical Academy Middle School 13.3 mi Public 7-8 4 0
      Discovery Canyon Campus School 13.9 mi Public PRESCHOOL-12 4 0
      Edith Wolford Elementary School 13.9 mi Public PRESCHOOL-5 4 0
      Antelope Trails Elementary School 16.0 mi Public PRESCHOOL-5 4 0
      Ray E Kilmer Elementary School 18.2 mi Public PRESCHOOL-6 4 0
      Hanover Junior-senior High School 22.7 mi Public 5-12 2 2
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Colorado Springs, CO
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.