Colorado Springs Housing Market: Trends & Prices (2026)
Colorado Springs Real Estate Market Overview
(Last Updated – 8/2026)
What’s not to love about stunning vistas and fresh mountain air? Sitting near the base of the Rocky Mountains, Colorado Springs was founded in 1871 with the intention of becoming a high-quality resort community. So many British tourists came through the area that the neighborhood was nicknamed “Little London.”
Despite Colorado having a reputation for being pretty chilly, winters are relatively mild in this area, with large snow accumulations not happening often in the downtown areas. Colorado Springs receives about 16 inches of precipitation a year, with an average snowfall of 33 inches per year, though recent highs have reached 58 inches in a year.
Today, Colorado Springs still maintains a resort-like feel that locals and tourists alike can enjoy, thanks to stunning scenery such as Pikes Peak, Garden of the Gods Park, the Broadmoor Seven Falls, and Cave of the Winds Mountain Park. For those looking for culture, this city can offer that, too, with historical attractions, a fine arts center, and multiple museums to choose from.
Keep reading to learn more about what it’s like to live in Colorado Springs and for a breakdown of its key demographics and most important neighborhoods.
Colorado Springs Real Estate Market Trends
The Colorado Springs real estate market is considered somewhat competitive, according to Redfin. On average, homes receive two offers and sit on the market for around 43 days before being sold. In May 2026, the median sale price of a home in Colorado Springs was $450,000, down 3.3% from the same period in 2025.
$450,000
Median Home Price
$217
Median Price per Square Foot
43 days
Median Time on Market
Recommended: Colorado Home Mortgage Loan Calculator
Colorado Springs Housing Market Forecast
Home prices in Colorado Springs have increased dramatically over the last five years, as you can see from the chart below. But there is some good news for buyers: After peaking in July 2022, prices have been easing over the last few years and real estate agents believe they will remain relatively stable in 2026, so now may be a good time to start the home-buying process.
Demographics of the Colorado Springs Market
The population of Colorado Springs is as varied as its geography. It includes students attending the area’s colleges, professionals, military families (connected to the Army, Air Force, or Space Force hubs), along with retired couples. The city is home to more married people than singles and has a median age of 36. Nearly 43% of Colorado Springs residents are college educated, which is higher than the national average of 36%.
Colorado Springs offers employment opportunities in a variety of sectors, including aerospace, defense, cybersecurity, and sports. The city is home to the North American Aerospace Defense Command (NORAD), the U.S. Army’s Fort Carson, the U.S. Air Force Academy, and the Peterson and Schriever U.S. Space Force bases. Other major employers in the area include military contractors, the U.S. Olympic and Paralympic Committee, local government, and schools.
Recommended: Cost of Living in Colorado
Median Household Income: $84,818
Median Age: 36
College Educated: 42.7%
Homeowners: 61%
Married: 64%
Popular Colorado Springs Neighborhoods
With 20 charming neighborhoods to choose from in Colorado Springs, prospective home buyers will have a lot of difficult choices to make. It’s also worth considering what type of mortgage loan you might want before you start looking at houses.
To save home searchers some time, we rounded up five Colorado Springs neighborhoods and broke down their key demographics, what their real estate market looks like, and what it’s like to live there.
Briargate
This neighborhood may appeal to newer Colorado Spring residents who want to take out a home loan and are looking for a master-planned community that is family friendly and designed to foster a sense of community.
Who wouldn’t love gorgeous parks (including a playground designed to be inclusive for children with disabilities), hiking trails, and well-maintained landscaping in their neighborhood? Not to mention, many homes in this area can offer stunning mountain views.
Quick Facts
Population:
17,632
Median Age:
37.2
Housing Units:
7,096
Bike Score:
47/100
Walk Score:
34/100
Transit Score:
0/100
Median Household Income:
$113,036
Briargate Housing Market
The housing market in Briargate is considered somewhat competitive, according to Redfin. In May 2026, the median home sale price was $525,000, up around 0.9% year-over-year. On average, homes sell for about 1% below asking price and sit on the market for around 39 days. You may need to move more quickly to get a highly desirable home, however, as these listings tend to go for about 1% above list price and get snapped up within 12 days. Getting a mortgage preapproval letter may help you move fast if you find a house you like in this neighborhood.
Median Home Price
$525,000
Median Price per Square Ft.
$205
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Broadmoor
Broadmoor is considered one of Colorado Springs’ more prestigious neighborhoods, with historic mansions built as far back as the 1920s, ’30s, and ’40s.
Most homes are within walking distance of the beloved and historic Broadmoor hotel and resort, which is a perfect spot for welcoming out of town visitors or for stopping by for a drink or a great meal on the weekends.
Quick Facts
Population:
8,842
Median Age:
39.7
Housing Units:
3,914
Bike Score:
40/100
Walk Score:
36/100
Transit Score:
21/100
Median Household Income:
$89,984
Broadmoor Housing Market
In this somewhat competitive housing market, some homes on the market receive multiple offers from buyers. In May 2026, the median sale price of a Broadmoor home was $700,000, up 6% from the prior year. On average, homes in this neighborhood sit on the market for one to two months before being sold. You might need a jumbo loan if you’re considering one of the more expensive properties here.
Median Home Price
$700,000
Median Price per Square Ft.
$253
Wolf Ranch
Wolf Ranch is home to some of the most prominent new home builders in Colorado Springs and has a sweeping view of the Rocky Mountains and Pikes Peak. Much of the neighborhood is organized around parks, trail links, and shared amenities, including a community recreation center with a pool/splash park and a network of neighborhood open space.
Quick Facts
Population:
19,577
Median Age:
37
Housing Units:
7,095
Bike Score:
26/100
Walk Score:
17/100
Transit Score:
0/100
Median Household Income:
$136,706
Wolf Ranch Housing Market
The Wolf Ranch housing market is somewhat competitive, so buyers may want to familiarize themselves with the market.
Generally, homes in this area sell in around 78 days for about 2% below list price, and it isn’t uncommon for these homes to receive multiple offers from buyers. In May 2026, the median home sales price was $656,000, down around 5% year-over-year.
Median Home Price
$656,000
Median Price per Square Ft.
$211
Knob Hill
Busy workers will appreciate the fact that, on average, commuters in this area only spend 15-30 minutes traveling to work.
This neighborhood features numerous single family homes, so it might be a good place to look if you’re a first-time homebuyer. Plus, many homes in the area are older (built between 1940 and 1969), which is ideal for buyers looking for a home with a history and some character.
Quick Facts
Population:
15,610
Median Age:
37.4
Housing Units:
7,457
Bike Score:
52/100
Walk Score:
64/100
Transit Score:
37/100
Median Household Income:
$64,035
Knob Hill Housing Market
The housing market in Knob Hill is considered somewhat competitive. Homes typically sell for around list price and stay on the market for about 26 days. In May 2026, the median home sale price was $375,000, down 0.83% year-over-year. Some homes get multiple offers.
Median Home Price
$375,000
Median Price per Square Ft.
$209
Old North End
History Buffs will love calling Old North End home. There are plenty of large, stately homes to admire that were built in the late 1800s. Many of the homes are so historical they are on the National Register, which can make the renovation process a bit on the trickier side for homeowners who are looking to modernize.
Residents enjoy close proximity to the upper reaches of Monument Valley Park, as the west side of Old North End is bordered by the park. Locals love the biking and hiking trails, as well as the sports fields and playgrounds designed for family fun. If this sounds like a neighborhood you’d love, consider discussing with your mortgage lender how much you could afford.
Quick Facts
Population:
9,315
Median Age:
36
Housing Units:
4,649
Bike Score:
80/100
Walk Score:
50/100
Transit Score:
20/100
Median Household Income:
$62,902
Old North End Housing Market
The Old North End housing market is cooling off a bit. In May 2026, the median sale price was $605,000, down around 13.4% from the prior year. Homes in this neighborhood generally don’t sell over asking price and stay on the market for up to 72 days.
Median Home Price
$605,000
Median Price Per Square Ft.
$259
SoFi Home Loans
It’s easy to see why Colorado Springs has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from, whether you’re young and single or have a family to look after.
If you think Colorado Springs could be your home sweet home, then you may need to consider your home loan options.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
Are house prices dropping in Colorado Springs?
House prices in Colorado Springs have shown some signs of stabilization, but they remain relatively high due to strong demand and limited inventory. In May 2026, the median sale price of a home in Colorado Springs was $450,000, down 3.3% from the prior year. More homes are currently being listed than sold in Colorado Springs, giving buyers more options and, potentially, more negotiating power.
How long are houses sitting on the market in Colorado Springs?
On average, homes in Colorado Springs sell in around 43 days (down from 51 days the same time last year), according to May 2026 data from Redfin. That said, homes in desirable areas often get snapped up within a few weeks. Being prepared and acting fast can significantly improve your chances of securing a home.
Is Colorado a buyer’s or seller’s market?
As of May-June 2026, the Colorado housing market is considered more of a buyer’s than a seller’s market. Inventory has grown, giving buyers more homes to choose from, while properties are generally taking longer to sell than they did a few years ago. Housing prices have remained relatively stable, fewer homes go for above listing price, and more time on the market benefits buyers by giving them more time to shop around and evaluate their options.
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