80923 Housing Market Report February 2025•El Paso County, Colorado

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Housing Prices in 80923, CO

How much do homes in 80923, CO cost?

Housing Market Conditions

Is 80923, CO a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

80923 is a Buyer's Market

Difference Since February 2024

At the same time last year, 80923 was a Seller's Market.

Insight

80923 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$477,500$224/SqFt
-$4,000
-0.8%

Based on all homes sold in the last 12 months

Insight

Homes in 80923 have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in 80923 was $477,500 in February 2025, down 0.8% from last year, and the median price per square foot was $224.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
80922
+3.9%
80924
-0.4%
80923
-0.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$360K$377K
+4.7%
3$455K$445K
-2.2%
4$528.5K$539.5K
+2.1%
5$599.9K$605K
+0.9%

Summary: 80923 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +4.7%. The home price for 3 bedroom homes decreased by -2.2%. The home price for 4 bedroom homes increased by +2.1%. The home price for 5 bedroom homes increased by +0.9%.

Housing supply in 80923, CO

How many homes are available in 80923, CO?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
137Last MonthFeb 2025
922 months agoJan 2025
+48.9 %
Change MoMJan – Feb

Summary: The 80923 real estate market had 137 homes for sale in Feb 2025, a 48.9 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
17Last MonthFeb 2025
92 months agoJan 2025
+88.9 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
21827
+50.0%
33045
+50.0%
42739
+44.4%
51726
+52.9%

Summary: 80923 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes increased by +44.4%. The inventory for 5 bedroom homes increased by +52.9%.

Asking Price vs. Sold Price

How much do homes in 80923, CO cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price6 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in 80923, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 80923 in February 2025, up by 88.9% month-over-month. Of the 17 sold homes, 41% were sold under asking, 35% were sold at asking, and and 24% were sold over asking.

Days on Market for 80923, CO

How long does it take to sell a home in 80923, CO?

Breakdown of Home Sale Times

Under 30 Days9 Homes

30 – 90 Days5 Homes

Over 90 Days3 Homes

Insight

Many homes in 80923 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 17 homes were sold in 80923; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
50 DaysThis YearFeb 2025
16 Days1 year agoFeb 2024
+196.6 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 80923 had an average listing age of 50 days in Feb 2025, up by 196.6% compared to the previous year.

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Newest Listings in 80923, CO

What homes are available in 80923, CO?

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Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., REColorado, Pueblo Association of REALTORS Inc. MLS, and Royal Gorge MLS / Westcliffe Listing Service for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/4/2025, 4:12:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 3/4/2025, 4:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 4:16:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.