Colorado Springs, CO 80905 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of market value is the median sold price: $360,000, which frames recent transaction activity and suggests current market value is lower than asking expectations shown by the median listing price: $399,000; this gap may indicate sellers need to adjust pricing toward realized sale levels.
2. The neighborhood shows a cooling price trajectory with price year-over-year trend: down, and the overall market is classified as market temperature: cold; slower sales velocity and increased negotiation leverage for buyers may be present given these signals.
3. Transaction pace is slow as reflected by the median days on market: 303, which points to extended listing durations and pricing friction rather than immediate turnover.
4. Rental fundamentals remain supportive with median market rent: $1,245 and rent year-over-year trend: up, while financing conditions show property rate comparison: Current 30-year fixed mortgage rates in Colorado Springs are averaging approximately 6.6% as of June 2026 and interest rate pressure: moderate; these mixed signals suggest buy-side affordability is constrained but stabilized.

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.