The question of whether houses are overpriced in Colorado Springs is on many buyers’ and sellers’ minds as we navigate the 2024-2025 real estate market. With median home prices at $475,000 and recent market shifts, it’s crucial to understand what’s really happening in our local housing market. In this blog post, Colorado Springs real estate expert Barb Schlinker discusses current market conditions and what they mean for both buyers and sellers.
Key Takeaways
- The Colorado Springs median home price shows a slight 2.1% decrease from last year
- Current market conditions are shifting toward a buyer’s market with increasing inventory
- Home prices remain higher than historical levels but show signs of stabilization
- Strategic timing and expert guidance can help buyers find good value in today’s market
Understanding Today’s Housing Market
The Colorado Springs housing market has seen significant changes in recent years. While prices remain higher than they were a decade ago, several factors are creating new opportunities for buyers:
- Increasing inventory levels, with 35% more homes listed than sold
- Average homes taking about 49 days to sell
- Median price per square foot at $215, down 0.92% from last year
- Multiple options for buyers to choose from
“What we’re seeing isn’t necessarily overpricing, but rather a market that’s finding its balance,” explains Colorado Springs real estate expert Barb Schlinker. “With more inventory available and prices stabilizing, buyers have more negotiating power than they’ve had in recent years.“
Why Colorado Springs Housing Prices Are Where They Are
Several key factors contribute to current housing costs:
- An influx of 117,000 new residents since 2005
- A housing supply deficit between 16,554 and 27,360 units
- Rising construction costs affecting new home prices
- Strong job market attracting more residents
Meet Your Real Estate Expert: Barb Schlinker
When navigating today’s complex Colorado Springs real estate market, experience and local expertise matter. Barb Schlinker brings unique qualifications to help you make informed decisions:
- Navy veteran with intelligence field experience
- Host of “Your Real Estate Voice” radio show, reaching thousands through weekly broadcasts and podcasts
- Decades of local market expertise
- Consistently sells homes 60% faster and for 8.1% more money than market average
- Helps an average of 200 local families per year buy or sell homes
Exclusive Guarantees for Your Peace of Mind
Working with Barb’s team provides unique advantages through several guaranteed programs:
- Your Home Sold in Your Time Frame or We’ll Pay You $1,000
- Exclusive VIP Buyer Satisfaction Guarantee
- Seller Cancellation Guarantee
- 24-Hour Cash Offer Guarantee
Get Your Free Home Valuation
Wondering what your home is worth in today’s market? Get a free, comprehensive home valuation and complete market analysis of your property. Visit here for a free home valuation or call 719-301-1802 for your no-obligation home value assessment.
Making Your Move in Today’s Market
Whether you’re buying or selling, current market conditions present unique opportunities:
- More inventory means more choices for buyers
- Stabilizing prices create clearer expectations
- Less competition than during the peak market
- More room for negotiation
Why Choose Barb Schlinker as Your Real Estate Agent
With hundreds of 5-star reviews and a proven track record of success, Barb and her team offer:
- Deep knowledge of the Colorado Springs market
- Proven marketing strategies that sell homes faster
- Access to the newest listings and market information
- Personalized service focused on your specific needs
- Experience serving Colorado Springs and surrounding communities including Fountain, Monument, Black Forest, and more
Ready to Buy or Sell? Let’s Talk
Don’t navigate this shifting market alone. Call or text Barb Schlinker at 719-301-1802 for a free consultation about buying or selling your home in Colorado Springs. With our guaranteed programs and proven expertise, you’ll have the support you need to make your next move with confidence.
FAQ
The current market offers unique opportunities for both buyers and sellers. With increasing inventory and stabilizing prices, buyers have more choices and negotiating power. For sellers, working with an experienced agent who can properly price and market your home is key to maximizing your sale price in today’s market. Every situation is unique, so it’s best to consult with a real estate expert to evaluate your specific circumstances.
