Colorado Springs, CO 80905 Real Estate Market Report

ZIP Code: 80905
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The neighborhood's $387,500 median sold price is the primary indicator of current market value and recent transaction activity, with the market showing a generally balanced environment and stable pricing consistent with a neutral market temperature.

2. Relative liquidity appears slower based on a median days on market of 289, which may indicate longer decision cycles and pricing friction rather than rapid turnover in this ZIP code.

3. There is a modest spread between the $394,000 median listing price and the $387,500 median sold price, which suggests seller expectations are somewhat above recent transaction levels and could create negotiation leverage for buyers in some listings.

4. Rental dynamics are soft: the $1,216 median market rent alongside a year-over-year rent trend that is down signals weakening rental demand, while interest rate pressure described as moderate supports a cautious outlook for investor activity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Colorado Springs, CO 80905 Real Estate Market Report

ZIP Code: 80905
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary market value indicator is the median sold price: 201,950; this representative recent sale level, combined with a flat year-over-year price trend, suggests overall price stability rather than directional appreciation or depreciation.

2. There is a notable divergence between the median listing price (156,450) and the median sold price (201,950), which may indicate pricing dispersion across the market or that sampled asking prices do not fully capture the price points achieved in recent transactions — this gap suggests pricing friction between list and transaction levels.

3. Market velocity appears slow: the median days on market is 337, which points to extended time to transact and slower sales velocity even as the market temperature is reported as neutral; elevated inventory relative to sales activity may be contributing to this reduced liquidity.

4. Rental dynamics and financing pressure are mixed: the median market rent is 1,100 while rent year-over-year trend is down, and interest rate pressure is assessed as moderate; together these signals may weigh on investor appetite and suggest caution for buy-to-rent strategies in the near term.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.