Colorado Springs Housing Market Trends: Is Now a Good Time to Buy?

Updated September 2026 with August 2026 data. We refresh this guide every quarter so the numbers stay current.

What is the Colorado Springs housing market like right now?

The Colorado Springs housing market is balanced in fall 2026, giving buyers more time and choice than in recent years. Across El Paso County, the median single-family home sold for $475,000 in August 2026, down 2.9% from a year earlier. Homes averaged 47 days on market with a 4.3-month supply, according to the Colorado Association of REALTORS.

That is the short version. The longer answer is that prices have gone mostly sideways for four years while nearly everything else about the market has changed: how fast homes sell, how many are for sale, and what it costs to borrow.

Here is where the key measures stand. Housing figures cover single-family homes in El Paso County, Colorado, which includes Colorado Springs, Fountain, and Monument, from the Colorado Association of REALTORS August 2026 county report.

El Paso County, Colorado, is not El Paso, Texas. Home price index, permit, and unemployment figures cover the Colorado Springs metro area. Data as of September 2026.

Worth knowing: A single month can swing. The August median of $475,000 followed a July median of $510,000, and the county report itself notes that one month “can sometimes look extreme due to small sample size.” The year-to-date median of $490,000 is the steadier read on where prices sit.

Are home prices going down in Colorado Springs?

Slightly, and slowly. The median single-family sale price in El Paso County was $490,000 for January through August 2026, down 1.1% from $495,500 over the same months of 2025, according to the Colorado Association of REALTORS. That is a drift, not a drop.

A second measure tells a similar story. The Federal Housing Finance Agency’s house price index for the Colorado Springs metro rose about 0.1% between the second quarter of 2025 and the second quarter of 2026, based on data published through the Federal Reserve Bank of St. Louis. That index tracks repeat sales and appraisals of the same homes over time, so it is less affected by which homes happen to sell in a given month.

Put the two together and the pattern is clear. Colorado Springs home prices have been roughly flat since 2022. The median single-family sale price in August 2022 was $490,000, according to the Colorado Association of REALTORS August 2023 report, the same figure as the 2026 year-to-date median.

Two things the median does not show are worth keeping in mind.

• Seller concessions. The county figures do not account for seller concessions or down payment assistance, as the report notes. When a seller pays toward closing costs instead of cutting the price, the sale price stays the same but the buyer’s real cost goes down.
• The mix of homes sold. The median reflects whatever mix of homes sold that month. A month with more large homes in Monument and fewer entry-level homes in Fountain can push it up without any individual home gaining value.

How has the Colorado Springs housing market changed since 2021?

Prices barely moved. Speed and supply changed dramatically. In August 2021, single-family homes in El Paso County sold in an average of nine days for 103% of list price, with less than one month of supply, according to the Colorado Association of REALTORS August 2022 report. Five years later, homes take more than five times as long to sell and sell slightly below list.

Single-family homes in El Paso County, Colorado. Each year’s figures come from the following August’s report, which reflects revised data (2022, 2023, 2024, 2025, 2026). The 2026 figures are current as of September 3, 2026.

The biggest shift happened between 2021 and 2022, when mortgage rates climbed quickly from the record lows of 2021 and bidding wars faded. Since then, the market has moved steadily in one direction: more homes to choose from, more time to decide, and prices that hold roughly steady rather than climbing.

For you as a buyer, the practical meaning is simple. The pressure to waive an inspection or offer well over asking, which defined 2021, is largely gone. You can see a home twice, compare it with others, and negotiate on repairs.

Is Colorado Springs a buyer’s market or a seller’s market?

Neither, for now. With 4.3 months of supply and homes selling for about 99% of list price in August 2026, El Paso County sits in balanced territory: buyers have real choice and negotiating room, while sellers of well-priced homes still get close to their asking price.

The local REALTOR association sees it the same way. After the August numbers came out, Andrea Warner, board president of the Pikes Peak Association of REALTORS, told KOAA that a full buyer’s market would bring “a drastic drop in our sale prices and high inventory,” and that the region is not really seeing that. She described August as a cooldown that is typical coming out of summer, and said it is now “very unusual” for a sale to close without a seller concession.

Where the market leans depends on the type and price of home.

• Townhomes and condos lean further toward buyers. The median townhome or condo in El Paso County sold for $330,000 in August 2026 with a 6.2-month supply, compared with 4.3 months for single-family homes, according to the Colorado Association of REALTORS.
• Days on market vary by home. A move-in ready home priced right in a popular area can still sell quickly. A home that needs work or is priced above its neighbors can sit well past the 47-day average.
• Season matters. Activity in Colorado Springs typically peaks in late spring and summer, when families and military households time moves around the school year and PCS season, then slows into fall and winter. If you are relocating on orders, our Fort Carson homebuyer’s guide covers how to plan around a report date.

How do mortgage rates affect the Colorado Springs housing market?

Rates shape what buyers can afford each month, so they shape the whole market. The 30-year fixed mortgage rate averaged 6.76% in the week of September 10, 2026, up from 6.35% a year earlier, according to Freddie Mac’s weekly survey. For context, the same survey hit a record low of 2.65% in January 2021.

That gap explains much of the table above. When rates were near 3%, the monthly cost of a $450,000 home was low enough that buyers competed hard for every listing. At today’s rates, the same home costs meaningfully more each month, so buyers take their time, and sellers who locked in low rates can be slower to list.

A few points are worth keeping straight.

• Rates are national. Prices are local. Freddie Mac’s rate is a national average. Colorado Springs prices respond to local jobs, military moves, and the supply of homes, which helps explain why they have held roughly steady even as rates rose.
• Your rate is not the average. Credit, down payment, loan type, and the lender you choose all affect the rate you are offered. Freddie Mac’s own advice is to shop around and get multiple quotes.
• Nobody knows where rates go next. Buying a home you can comfortably afford at today’s rate is a sounder plan than buying one that only works if rates fall.

View Homes Lending works with our buyers, though you are free to use any lender you choose. Treat this section as general background rather than advice for your situation, and talk with a lender about the numbers for your household.

Are builders still building new homes in Colorado Springs?

Yes, at a steady pace, though well below the 2021 boom. Builders in the Colorado Springs metro pulled permits for 1,890 single-family homes from January through July 2026, up about 3% from 1,832 during the same months of 2025, according to U.S. Census Bureau building permit data. During the same seven months of 2021, that figure was 3,285.

Demand has held up alongside it. El Paso County’s population reached 757,040 in July 2025, up about 3.5% since the 2020 census, according to the Census Bureau. The metro’s unemployment rate was 4.1% in July 2026, below the national rate of 4.6%, and employers added about 3,300 jobs over the prior 12 months, according to the U.S. Bureau of Labor Statistics.

Those numbers point to a market that is growing at a measured pace rather than overheating. The region’s military installations, including Fort Carson, Peterson and Schriever Space Force Bases, Cheyenne Mountain Space Force Station, and the U.S. Air Force Academy, add a steady stream of households that move in on orders every year, whatever the rate environment.

Much of the new construction in the metro is concentrated where there is still land to build: the southeast, Fountain, the Powers corridor on the east side, and north toward Monument. Our guide to the best neighborhoods and areas in Colorado Springs walks through each one.

How do new home prices compare with the Colorado Springs median?

Most of our Colorado Springs communities start below the county’s median sale price. Because View Homes builds across the metro, we can compare our own starting prices directly with the August 2026 median of $475,000.

View Homes starting prices as of September 2026 and subject to change.

Five of our seven communities start below the August median, and six start below the year-to-date median of $490,000.

An honest caveat, because this comparison is easy to misuse. A starting price is the base price of the entry floor plan, before a lot premium or options. A median sale price is the middle of every home that sold, across all sizes, ages, and neighborhoods. They measure different things, and a larger or fully optioned new home can land above the median.

What the comparison does show is that new construction in Colorado Springs is not priced out of reach of a typical buyer. In a market where resale prices have held flat, a new home can cost about the same as an older one while arriving with a new roof, new systems, and a homeowners’ warranty. Our new construction vs. resale guide walks through that decision in detail.

How does the Colorado Springs housing market compare with Denver?

Colorado Springs is far less expensive, and in August 2026 its prices were holding up better. The median single-family home in El Paso County sold for $475,000, compared with $670,000 in Denver County, a difference of $195,000, according to the Colorado Association of REALTORS.

Source: Colorado Association of REALTORS county reports, current as of September 3, 2026. Denver County covers the city of Denver only, not the full Denver metro.

Denver’s median fell faster over the past year, while its inventory shrank. Colorado Springs moved more gradually on both counts. For buyers comparing the two, the practical difference is still housing cost, and our Colorado Springs vs. Denver cost of living guide shows what the same builder’s homes cost in each metro.

Is now a good time to buy a house in Colorado Springs?

It depends on your timeline and your monthly budget more than on the market. Conditions in fall 2026 give buyers more time, more choice, and more negotiating room than at any point in the 2021 to 2023 stretch, while prices have held roughly steady. The tradeoff is higher mortgage rates than a few years ago.

Here is how the current market lines up for buyers.

The honest answer is that nobody can reliably time the bottom of a price cycle or a rate cycle. What you can control is whether a home fits your life and your budget today. A few questions usually settle it.

• How long will you stay? Buying generally makes more sense the longer you plan to own, because closing costs are spread over more years and you build more equity.
• What does renting cost you? In El Paso County, the median gross rent was $1,696 a month and the median monthly cost for homeowners with a mortgage was $2,145, according to the Census Bureau’s 2020 to 2024 survey. Those are five-year medians that include owners who bought years ago, so treat them as a rough comparison rather than today’s payment.
• Is the monthly payment comfortable at today’s rate? If it is, waiting for rates to fall is optional rather than necessary. If it is not, a smaller home, a different area, or a townhome may be the better move for now.
• Do you need to move on a deadline? Quick move-in homes, which are already under construction or complete, let you close on a known timeline without waiting for a full build.

If this would be your first home, our first-time home buyer resources walk through the steps from pre-qualification to move-in.

Why do Colorado Springs housing market numbers disagree?

If you have looked this up already, you have probably seen a median home price anywhere from the mid-$400,000s to the high-$400,000s. Several of those figures can be correct at once, because they measure different things.

• County, city, or MLS area. This guide uses El Paso County. The Pikes Peak REALTOR Services Corp. publishes its own monthly market trends from the local multiple listing service, which can cover a different mix of areas and property types, so its median will not match the county report exactly.
• Sale price versus value. The Census Bureau puts the median value of owner-occupied homes in El Paso County at $461,000 for 2020 to 2024. That figure comes from owners estimating their own home’s value across a five-year survey, not from homes that sold in a given month.
• One month versus year to date. The August median was $475,000. The January through August median was $490,000. Both are accurate.
• Single-family versus all homes. Figures that blend townhomes and condos with single-family homes land lower, since the townhome and condo median was $330,000 in August.
• Revisions. Listing data gets updated after the fact. The August 2025 median was first reported as $488,250 and now reads $489,400 in the August 2026 report.

The takeaway is to look at the direction and the source rather than a single number. Every measure in this guide points the same way: stable prices, more supply, and slower sales than in the boom years.

What should buyers watch next quarter?

We will update this guide in December 2026. Until then, these are the numbers most likely to move the Colorado Springs market.

• Mortgage rates. Freddie Mac publishes its survey every Thursday. A sustained move in either direction changes how many buyers are active.
• Months of supply. Supply usually tightens in winter as fewer homes are listed. If it stays above four months through the season, buyers keep their leverage into spring.
• Year-to-date median price. A full-year 2026 median below 2025’s would confirm a gentle decline. One close to it would confirm the plateau.
• Local jobs and military moves. Employment growth and assignment changes at the region’s installations feed housing demand directly.

If you are also weighing a move to Texas, our El Paso cost of living guide compares our new-home pricing in both markets.

Frequently asked questions

Is the Colorado Springs housing market a buyer’s market?

The Colorado Springs housing market is balanced rather than a clear buyer’s market. In August 2026, El Paso County had a 4.3-month supply of single-family homes, and homes sold for about 99.1% of list price on average, according to the Colorado Association of REALTORS. Buyers have more choice and time than in recent years, while well-priced homes still sell close to asking.

Are home prices dropping in Colorado Springs?

Only slightly. The median single-family sale price in El Paso County was $490,000 for January through August 2026, down 1.1% from the same period of 2025, according to the Colorado Association of REALTORS. The Federal Housing Finance Agency’s price index for the Colorado Springs metro was up about 0.1% year over year in the second quarter of 2026.

What is the median home price in Colorado Springs?

The median single-family home in El Paso County, which includes Colorado Springs, sold for $475,000 in August 2026 and $490,000 for the year to date, according to the Colorado Association of REALTORS. The median townhome or condo sold for $330,000 in August 2026.

How long does it take to sell a house in Colorado Springs?

Single-family homes in El Paso County averaged 47 days on market in August 2026, up from 41 days a year earlier, according to the Colorado Association of REALTORS. In August 2021, the average was nine days. Well-priced, move-in ready homes can still sell faster than the average.

Is now a good time to buy a house in Colorado Springs?

It depends on your timeline and budget. In fall 2026, buyers in Colorado Springs have more inventory, more time, and more negotiating room than during 2021 to 2023, and prices have been roughly flat. Mortgage rates are higher than a year earlier, at 6.76% for a 30-year fixed loan in the week of September 10, 2026, according to Freddie Mac.

Is new construction cheaper than resale in Colorado Springs?

At the entry level, new construction can be priced at or below the resale median. Five of View Homes’ seven Colorado Springs communities start below the August 2026 El Paso County median of $475,000, with the most attainable starting at $414,995. Starting prices reflect base plans before lot premiums and options, so a larger or customized new home can cost more.

Is Colorado Springs cheaper than Denver for housing?

Yes. The median single-family home in El Paso County sold for $475,000 in August 2026, compared with $670,000 in Denver County, according to the Colorado Association of REALTORS. That is a difference of $195,000.

Are builders still building homes in Colorado Springs?

Yes. Builders in the Colorado Springs metro received permits for 1,890 single-family homes from January through July 2026, up about 3% from the same period of 2025, according to U.S. Census Bureau data. That pace is well below 2021, when permits for the same months totaled 3,285.

Ready to look?

The clearest way to see what this market means for your budget is to walk through homes at today’s prices. See current pricing, floor plans, and quick move-in homes across all Colorado Springs communities, or start with our Colorado Springs new-home buyer’s guide if you are still choosing an area. When you are ready to compare plans, reach out to our team.