Colorado Springs / El Paso County · Updated August 2026
The Colorado Springs market, by the numbers
Colorado Springs has shifted from the frenzy of recent years into a calmer, more balanced market. Prices have eased slightly, homes take a little longer to sell, and buyers have more room to negotiate than they have had in some time. It is a healthier market to buy in and a more demanding one to sell in, where pricing and presentation decide the outcome.
Every figure below is drawn from the local MLS for El Paso County residential closings over the twelve months ending July 31, 2026, measured against the prior twelve months. Sources are listed at the bottom.
How the market performed over the last year
El Paso County residential closings for the twelve months ending July 31, 2026.
- Median Sale Price
- $463,500
- down 1.6% year over year
- Closed Sales
- ~11,200
- essentially flat year over year
- Median Days on Market
- 34
- up from 28 a year ago
What does a balanced market mean for you?
For buyers, it means leverage that did not exist a year ago: more inventory to choose from, time to make a considered decision, and room to negotiate on price, repairs, and terms. For sellers, it means the market no longer forgives an aggressive price or a thin presentation. Homes priced to current evidence and shown well still sell in a matter of weeks. Homes priced to last year's peak sit, and then chase the market down.
Neither of those is a crisis. A flat, balanced market is a normal market. The job on either side of the table is simply to read it accurately and price to where it actually is.
How does this year compare to last year?
| Metric | Aug 2025 to Jul 2026 | Prior 12 months |
|---|---|---|
| Median sale price | $463,500 | $471,100 |
| Closed sales | ~11,200 | ~11,190 |
| Median days on market | 34 | 28 |
How does Colorado Springs compare to the mountains?
They run on different engines. Colorado Springs is a mortgage-driven metro, so when rates stay high, demand cools and prices ease, which is exactly what the last year shows. The mountain luxury market around Breckenridge and Summit County runs on cash and second-home money, and over the same period its median price rose about 8.5 percent while its sales volume grew. One market waits on the Fed; the other largely ignores it.
See the Summit County market statisticsQuestions buyers and sellers ask
What is the median home price in Colorado Springs?
Over the twelve months ending July 2026, the median residential sale price in Colorado Springs (El Paso County) was about $463,500, down roughly 1.6 percent from about $471,100 the year before.
Is the Colorado Springs housing market slowing down?
It is balancing rather than crashing. Sales volume was essentially flat year over year at roughly 11,200 closings, median price eased about 1.6 percent, and homes took a median of about 34 days to sell, up from about 28 a year earlier. Buyers have more time and slightly more leverage than they did.
How many homes sell in Colorado Springs each year?
Around 11,200 residential closings across El Paso County in the trailing twelve months, essentially unchanged from the prior year.
How long do homes take to sell in Colorado Springs?
The median home sold in about 34 days over the trailing twelve months, up from about 28 days a year earlier. Well-priced, well-presented homes still move quickly; the rest sit longer than they used to.
How does Colorado Springs compare to the Colorado mountains?
They run on different engines. Colorado Springs is a mortgage-driven metro, so it softens when rates stay high. The mountain luxury market around Breckenridge and Summit County runs on cash and second-home demand, and its median price rose about 8.5 percent over the same period. See the Summit County market statistics for that side.
Methodology and sources
Figures reflect El Paso County, Colorado residential closings across all property types as recorded in the local multiple listing service. The primary period is the twelve months ending July 31, 2026, compared against the twelve months ending July 31, 2025. Median sale price and median days on market are derived from the MLS monthly medians across each twelve-month window; sales counts are summed across the window.
Source: Pikes Peak / Elevate MLS, El Paso County residential closed sales. Compiled by Justin Black, LIV Sotheby's International Realty. Last updated August 2026. Statistics are refreshed quarterly and are not a guarantee of future results.
Thinking about buying or selling in Colorado Springs?
Market-wide numbers set the frame; your street, your price band, and your timeline decide the strategy. Start with a private, no-obligation conversation. For anything time-sensitive, call or text 719-684-3329.
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Justin Black
Real Estate Advisor with LIV Sotheby's International Realty, serving Colorado Springs and the Front Range alongside a luxury and mountain practice in Breckenridge and Summit County. More than $150 million closed, ranked in the top 0.75 percent of U.S. agents by RealTrends Verified, and a 2026 National Association of Realtors 30 Under 30 honoree.