Colorado Springs Housing Market: Trends & Prices (2025)
Colorado Springs Real Estate Market Overview
(Last Updated – 4/2025)
What’s not to love about stunning vistas and fresh mountain air? Sitting near the base of the Rocky Mountains, Colorado Springs was founded in 1871 with the intention of becoming a high-quality resort community. So many British tourists came through the area that the neighborhood was nicknamed “Little London.”
Despite Colorado having a reputation for being pretty chilly, winters are relatively mild in this area, with large snow accumulations not happening often in the downtown areas. Colorado Springs receives about 18 inches of precipitation a year, with the average snowfall totaling 57 inches per year.
Today, Colorado Springs still maintains a resort-like feel that locals and tourists alike can enjoy, thanks to stunning scenery such as Pikes Peak, Garden of the Gods Park, the Broadmoor Seven Falls, and Cave Of the Winds Mountain Park. For those looking for culture, this city can offer that, too, with historical attractions, a fine arts center, and multiple museums to choose from.
Keep reading to learn more about what it’s like to live in Colorado Springs and for a breakdown of its key demographics and most important neighborhoods.
Overall Colorado Springs Market Trends
The Colorado Spring real estate market is considered somewhat competitive, according to Redfin. On average, homes receive one offer and sit on the market for around 66 days before being sold. In February 2025, the median sale price of a home in Colorado Springs was $450,000, up 3.4% from the prior year.
$450,000
Median Home Price
$211
Median Price Per Square Foot
66 days
Median Time on Market
Colorado Springs Housing Market Forecast
Home prices in Colorado Springs have increased dramatically over the last five years, as you can see from the chart below. But there is some good news for buyers: After peaking in July 2022, prices have been easing over the last few years and real estate agents believe they will remain relatively stable, or drop slightly, in 2025.
Demographics of the Colorado Springs Market
The population of Colorado Springs is as varied as its geography. It includes students attending the area’s colleges, professionals, military families (connected to the Army, Air Force, or Space Force hubs), along with retired couples. The city is home to a roughly equal number of marrieds and singles, and has a median age of about 36. Nearly 45% of Colorado Springs residents are college educated, which is higher than the national average of 35%.
Colorado Springs offers employment opportunities in a variety of sectors, including aerospace, defense, cybersecurity, and sports. The city is home to the North American Aerospace Defense Command (NORAD), the U.S. Army’s Fort Carson, the U.S. Air Force Academy, and the Peterson and Schriever U.S. Space Force base. Other major employers in the area include military contractors, the U.S. Olympic Committee, local government, and schools.
Recommended: Cost of Living in Colorado
Median Household Income: $83,215
Median Age: 36.4
College Educated: 44.8%
Homeowners: 62%
Married: 54%
Popular Colorado Springs Neighborhoods
With 20 charming neighborhoods to choose from in Colorado Springs, prospective home buyers will have a lot of difficult choices to make.
To save home searchers some time, we rounded up five of the most popular Colorado Springs neighborhoods and broke down their key demographics, what their real estate market looks like, and what it’s like to live there.
Briargate
This neighborhood may appeal to newer Colorado Spring residents who are looking for a master-planned community that is family friendly and designed to foster a sense of community.
Who wouldn’t love gorgeous parks (including a playground designed to be inclusive for children with disabilities), hiking trails, and well-maintained landscaping in their neighborhood? Not to mention, many homes in this area can offer stunning mountain views.
Quick Facts
Population:
38,727
Median Age:
36.5
Housing Units:
14,546
Bike Score:
47/100
Walk Score:
34/100
Transit Score:
0/100
Median Household Income:
$128,902
Briargate Housing Market
The housing market in Briargate is considered somewhat competitive, according to Redfin. In February 2025, the median home sale price was $545,000, up around 9% year-over-year. On average, homes sell for about 1% below asking price and sit on the market for around 47 days. You may need to move more quickly to get a highly desirable home, however, as these listings tend to go for list price and get snapped up within 18 days.
Median Home Price
$545,000
Median Price Per Square Ft.
$209
Recommended: Best Affordable Places to Live in Colorado
Broadmoor
Broadmoor is considered one of Colorado Springs’ more prestigious neighborhoods, with historic mansions built as far back as the 1920’s, 30’s, and 40’s.
Most homes are within walking distance of the beloved and historic Broadmoor hotel and resort, which is a perfect spot for welcoming out of town visitors or for stopping by for a drink or a great meal on the weekends.
Quick Facts
Population:
38,732
Median Age:
38.7
Housing Units:
16,314
Bike Score:
40/100
Walk Score:
36/100
Transit Score:
21/100
Median Household Income:
$124,351
Broadmoor Housing Market
In this somewhat competitive housing market, some homes on the market receive multiple offers from buyers. In February 2025, the median sale price of a Broadmoor home was $528,000, up 20% from the prior year. On average, homes in this neighborhood sit on the market for one to two months before being sold.
Median Home Price
$528,000
Median Price Per Square Ft.
$231
Garden Ranch
The amenities in Garden Ranch are just as lovely as the name of this neighborhood implies. For example, Colorado Springs’ largest city park, Palmer Park, resides in Garden Ranch.
A strategic location near the intersection of Union and Academy makes this community a fairly walkable one.
Quick Facts
Population:
5,051
Median Age:
36
Housing Units:
2,386
Bike Score:
45/100
Walk Score:
45/100
Transit Score:
25/100
Median Household Income:
$100,751
Garden Ranch Housing Market
The Garden Ranch housing market is somewhat competitive, so buyers may want to familiarize themselves with the market.
Generally, homes in this area sell in around 54 days for about 3% below list price, and it isn’t uncommon for these homes to receive multiple offers from buyers. In February 2025, the median home sales price was $450,000, down around 2% year-over-year.
Median Home Price
$450,000
Median Price Per Square Ft.
$219
Knob Hill
Busy workers will appreciate the fact that, on average, commuters in this area only spend 15 to 30 minutes traveling to work, which is less than the average time spent to get to work for most Americans.
This neighborhood features numerous single family homes. Plus, many homes in the area are older (built between 1940 and 1969), which is ideal for buyers looking for a home with a history and some character.
Quick Facts
Population:
37,113
Median Age:
36.3
Housing Units:
16,613
Bike Score:
52/100
Walk Score:
64/100
Transit Score:
37/100
Median Household Income:
$72,120
Knob Hill Housing Market
The housing market in Knob Hill is considered somewhat competitive. Homes typically sell for 2% below their list price and stay on the market for about 41 days. In February 2025, the median home sale price was $375,000, up 5.3% year-over-year. Some homes get multiple offers.
Median Home Price
$375,000
Median Price Per Square Ft.
$168
Old North End
History Buffs will love calling Old North End home. There are plenty of large, stately homes to admire that were built in the late 1800s. Many of the homes are so historical they are on the National Register, which can make the renovation process a bit on the trickier side for homeowners who are looking to modernize.
Residents enjoy close proximity to the upper reaches of Monument Valley Park, as the west side of Old North End is bordered by the park. Locals love the biking and hiking trails, as well as the sports fields and playgrounds designed for family fun.
Quick Facts
Population:
9,657
Median Age:
35
Housing Units:
4,543
Bike Score:
75/100
Walk Score:
35/100
Transit Score:
33/100
Median Household Income:
$72,168
Old North End Housing Market
The Old North End housing market is cooling off a bit. In February 2025, the median sale price was $515,000, down around 34% from the prior year. Homes in this neighborhood generally don’t sell over asking price and stay on the market for an average of 27 days.
Median Home Price
$515,000
Median Price Per Square Ft.
$273
SoFi Home Loans
It’s easy to see why Colorado Springs has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from, whether you’re young and single or have a family to look after.
If you think Colorado Springs could be your home sweet home, then you may need to consider your home loan options.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
Are house prices dropping in Colorado Springs?
House prices in Colorado Springs have shown some signs of stabilization, but they remain relatively high due to strong demand and limited inventory. In February 2025, the median sale price of a home in Colorado Springs was $450,000, up 3.4% from the prior year. Moving forward, however, we may see some softening in the market that favors buyers. More homes are currently being listed than sold in Colorado Springs, giving buyers more options and, potentially, more negotiating power.
How long are houses sitting on the market in Colorado Springs?
On average, homes in Colorado Springs sell in around 66 days, according to February 2025 data from Redfin. That said, homes in desirable areas often get snapped up within a few weeks. Being prepared and acting fast can significantly improve your chances of securing a home.
Is Colorado a buyer’s or seller’s market?
As of January 2025, the Colorado housing market is considered more of a buyer’s than a seller’s market. This is due to increased inventory and homes sitting more days on the market. While housing prices are up slightly year-over-year, fewer homes go for above listing price. More time on the market also benefits buyers by giving them more time to shop around and evaluate their options. Colorado market trends vary by region, however.
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