Average Colorado Springs Home Sale Price in 2023

It is now possible to sell a Colorado Springs house for cash. More importantly, all-cash offers are for a fair market price and completed within your selected timeframe. However, most people are unaware of this unconventional approach to home selling.

If you don’t keep your finger on the pulse of the Colorado Springs real estate market, you are not alone. Most people are too busy to keep track of average home sale prices in their local community or nationwide. We have all the information you need to understand the true value of your Colorado Springs house.

Colorado Springs Home Values

As we enter the second quarter of 2023, Colorado Springs has slightly more than 2,000 houses for sale. In total, the city has just under 70 neighborhoods. The prices of houses in Colorado Springs range from the low of $6,000 for a fixer-upper to a pseudo palace fit for royalty listed in excess of $21 million.

The median house listing price of a Colorado Springs property is $445,000. The median listing price per square foot is $214. Moreover, the median sold price of Colorado Springs houses is $420,000. The market has a plethora of high-quality, modern homes along with some more traditional builds. Though there is no shortage of houses for sale in Colorado Springs, the market is still relatively hot for sellers.

Property Sales Trends

As of the spring of 2023, the median list price for a house for sale in Colorado Springs was nearly $450,000. This figure represents an upward trend of more than 1% on a year over year basis, meaning local houses in Colorado Springs are gaining value. The area’s sales to list price ratio is an impressive 100%, meaning all homes listed for sale are sold.

As is always the case, the housing market has the potential to change, meaning there is the possibility that there will one day be more houses for sale than bidders looking to buy. As of the date of this publication, the median number of days on the market for a house for sale in Colorado Springs is three months.

Colorado Springs Desirability is Reflected in Home Prices

Data from home value indexes reveals the cost of the average home in the United States is around $340,000. Though the value of the nation’s homes jumped 20% from 2021 to 2023, it appears that the market is stabilizing. Colorado Springs home values are slightly higher than those throughout the rest of the country for several reasons.

For one, Colorado Springs has more than 170 schools that are rated as good or higher, making the area that much more appealing to those looking to start a family and those who have kids. Colorado Springs parents also have their choice of nearly three dozen private and charter schools.

Add in the fact that Colorado Springs homes tend to be recent builds, especially when compared to houses in the Midwest and northeast and the area’s slightly elevated cost is that much more understandable. What matters most is that you receive fair value for your house for sale in Colorado Springs. If you are thinking about listing your house or on the fence as to whether it is a good idea to sell, do not assume convention is the best approach. Those courageous enough to demonstrate irreverence for convention often come out on top.

Ask around, and you’ll find Colorado Springs homeowners ready to sell are increasingly choosing fast cash deals without leaning on a real estate agent as an unreliable middle man. Real estate agents are self-interested, overworked, and inflexible. There is no sense going to the trouble of repairing, renovating, and staging a house for sale in Colorado Springs when you can get a fair cash offer right away. We are flexible to the point that we will schedule the purchase of your home in accordance with your selected timeline.

We Buy Houses Colorado Springs Is Ready to Make a Cash Offer

Are you thinking about selling your house in Colorado Springs? We make cash offers without delay. Reach out to us today by phone or online to find out more about our cash for homes business. Tell us about your house, and we’ll make a fair offer without any hidden fees or delays.