Your Home Sold Guaranteed Realty - Barb Has the Buyers Team

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What is the Average Time to Sell a Colorado Springs House in 2024?

Wondering what the average time is to sell a Colorado Springs house in 2024? If you’re thinking about selling your house in the second half of the year, then it’s important to know how long 

In this post, Colorado Springs real estate expert Barb Schlinker and our realtors at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will discuss how fast homes sell in 2024 and what to expect from the local housing market.

Key Takeaways:

  • The average time it takes to sell a home is anywhere between 55 and 70 days. This includes the entire transaction from the moment the home is listed until the final closing date.
  • In Colorado specifically, homes spend 31 days on the market before selling. The hottest homes sell after 10 days on the market.
  • Compared to the same point last year, Colorado Springs homes are selling 45.7% slower. 67% of homes sell in less than 30 days, 25% sell between 30 and 90 days, and 8% sell in over 90 days.

What is the Average Time to Sell a Colorado Springs House in 2024?

The average time it takes to sell a home is anywhere between 55 and 70 days. This includes the entire transaction from the moment the home is listed until the final closing date. In Colorado specifically, homes spend 31 days on the market before selling. The hottest homes sell after 10 days on the market.

Compared to the same point last year, Colorado Springs homes are selling 45.7% slower. 67% of homes sell in less than 30 days, 25% sell between 30 and 90 days, and 8% sell in over 90 days.

Overall, homes are taking longer to sell compared to previous years. This indicates that Colorado Springs is currently a buyer’s market, where demand tends to be lower, and homes sell for less and take longer to get off the market.

If you want to sell a house as fast as possible, then it’s a good idea to enter the market between April and August. During these months, homes sell the fastest and for the most amount of money, on average:

  • April: 24 days on the market with an average sales price of $579,000
  • May: 21 days on the market with an average sales price of $583,300
  • June: 20 days on the market with an average sales price of $580,800
  • July: 22 days on the market with an average sales price of $584,000
  • August: 26 days on the market with an average sales price of $604,600

What is the Housing Market Like in Colorado Springs?

In recent months, the median sale price in Colorado Springs was $455,000, which is a 1.1% increase from the same point a year ago. The average price per square foot is $221, which is a 2.8% increase from last year. 

Most homes sell for 1% below the asking price, while the hottest homes sell for 1% above their asking price. In addition, 30.4% sell above their asking price, and 34.1% of homes experience a price drop at some point after being listed.

Sell Your Colorado Springs House in 2024 with Barb Schlinker

What is the Average Time to Sell a Colorado Springs House in 2024?
Barb Schlinker

At Your Home Sold Guaranteed Realty - Barb Has the Buyers Team, Barb Schlinker and our entire team have been in the real estate business for 27 years. We’ve helped many clients sell their houses fast and for top dollar. 

One reason we’re able to accomplish this is our Guaranteed Sale Program, which guarantees the sale of your home within your timeframe and for the best possible price. With this program, we can ensure your home sells successfully in 2024.

To learn more about working with our Colorado Springs real estate agency to sell a house in Colorado Springs, call 719-301-1802 or fill out the form on this page. Take the first step to sell your house fast today!

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!

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