80951 Housing Market Report December 2024•El Paso County, Colorado

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Housing Prices in 80951, CO

How much do homes in 80951, CO cost?

Housing Market Conditions

Is 80951, 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

80951 is a Seller's Market

Difference Since November 2024

Last month, 80951 was a Buyer's Market.

Insight

80951 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$359,500$253/SqFt
-$79,500
-18.1%

Based on all homes sold in December 2024

Insight

Homes in 80951 have sold for 18.1% less than they did a month ago.

Summary: The median home sold price in 80951 was $359,500 in December 2024, down 18.1% from last month, and the median price per square foot was $253.

Median Sold Price By City

Median Sold Price By City
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 MoM
80922
+5.2%
80938
+0.7%
80915
-8.4%
80951
-18.1%

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.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2-$316K
N/A
3$439K$359.5K
-18.1%
4-$410K
N/A
5--
N/A

Summary: 80951 housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -18.1%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 80951, CO

How many homes are available in 80951, 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
15Last MonthDec 2024
142 months agoNov 2024
+7.1 %
Change MoMNov – Dec

Summary: The 80951 real estate market had 15 homes for sale in Dec 2024, a 7.1 % increase compared to Nov 2024.

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
4Last MonthDec 2024
12 months agoNov 2024
+300.0 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
100
0.0%
255
0.0%
377
0.0%
423
+50.0%
500
0.0%

Summary: 80951 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 80951, 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 Price1 Home

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 80951, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 80951 in December 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% were sold over asking.

Days on Market for 80951, CO

How long does it take to sell a home in 80951, CO?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days3 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in 80951 has remained consistent over time.

Summary: During December 2024, 4 homes were sold in 80951; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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.
Last Month1 month agoChange MoM
31 DaysLast MonthDec 2024
74 Days1 month agoNov 2024
-57.4 %
Change MoMNov – Dec

Summary: Homes in 80951 had an average listing age of 31 days in Dec 2024, down by 57.4% compared to the previous month.

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Newest Listings in 80951, CO

What homes are available in 80951, CO?

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Nearby markets

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