Colorado Springs, CO 80905 Real Estate Market Report

ZIP Code: 80905
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Colorado Springs is currently $395,000, reflecting a stable market condition. This price point indicates a balanced environment, where buyers and sellers are finding common ground. The neighborhood has decreased 8% since 2022, suggesting a slight cooling in market activity.

Inventory levels are elevated, with a notable number of properties available relative to sales activity, leading to a median days on market of 289 days. This extended timeframe may indicate a shift towards a more buyer-friendly market, as elevated interest rates continue to exert pressure on affordability. The overall market temperature is neutral, suggesting that while prices are stabilizing, potential buyers should remain cautious as they navigate this evolving landscape.

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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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Colorado Springs are averaging 6.57%, which is 1.16% higher than the 2026 average of 5.41%.

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

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Key Findings

1. The median sold price of $395,000 indicates a stable market, despite a recent 8% decrease since 2022.

2. With a median days on market of 289, properties are experiencing slower sales velocity, suggesting a shift towards a more buyer-friendly environment.

3. Elevated inventory levels are evident, indicating excess supply relative to sales activity, which may impact future pricing trends.

4. The median market rent stands at $2,109, reflecting the ongoing demand for rental properties despite a down trend in rental prices year-over-year.

5. Current interest rates are elevated, with 30-year fixed mortgage rates averaging 6.57%, which could further affect buyer affordability and market dynamics.

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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.