Reporting Period: 10/31/2023
This is a year over year summary (current 12 months vs same period a year back) for home prices in 80903 zip code of Colorado Springs. Whether you want to do research on what your home is worth in 80903 or are interested in buying a home in 80903, you need the tools to understand where the market is going so you can make intelligent decisions.
If you don’t want to try to figure all this out on your own, contact me today to get some expert advice! If you just want to start looking at houses for sale, you can scroll to the bottom of this page to see every home for sale in zip code 80903 or search EVERY HOME FOR SALE RIGHT HERE.
Home Stats For 80903 Sales As Of 10/31/2023:
(All numbers are averages for transactions during this period)
Sales Count And Price Dispersion for 80903
As of 10/31/2023, there have been 166 home sales in 80903 in the previous 12 month period. This makes up 1.3% of the overall Colorado Springs home sale transactions during this time. This is a decrease of -28.76% versus previous 12 month period. Total sales volume in 80903 for the reporting period has been $74,641,196 which is down by -28.84% from the same period last year. Looking at these results, you see that count and volume are both down which can signal a weakening of that market. Here you can see the dispersion of prices for 80903. The dark portion of the chart shows you where homes have sold in 80903 in the last 12 months (months 1-12) while the lighter portion shows you where pricing was a year ago (months 13-24). This gives you a sense of how the market is shifting. Each point on the graph represents the number of transactions for homes at or below that point and above the point prior. So for example, the $550K point would represent homes that sold over $500,000 and at $550,000 or below.
Is the 80903 housing market gaining or losing market share? Looking at these statistics over time can be a good indication if there is something positive or negative going on in a specific area that could impact your homes value as an investment. Contact me if you would like my expert opinion on how 80903 is faring versus the rest of the Colorado Springs market.
Ready to see homes for sale? Scroll to the bottom of this page to see homes for sale in zip code 80903 or go to the search page to see every home available in Colorado Springs.
Average Home Price In 80903 As Of 10/31/2023: $449,646The average home price in 80903 has been $449,646 which is 12.3% lower than the Colorado Springs average home price of $512,749. The lowest recorded home sale price for 80903 has been $190,000 with the highest recorded home sale noted as $1,485,000 for the last 12 month period.
Comparing home appreciation rates in 80903 vs. home appreciation rates in other zip codes can be valuable information when assessing market strength and is one of the benefits that my clients receive when working with me. Believe me, not all areas are created equal when it comes to how they are changing in value. Contact me if you would like more info about average home prices in 80903 versus other areas.
Enough stats? Scroll to the bottom of this page to see homes for sale in zip code 80903 or go to the search page to see every home available in Colorado Springs and surrounding areas.
Average Days On Market as of 10/31/2023 for 80903: 58
The average days on market for home sales in 80903 has been 58 which is 52.6% higher than the Colorado Springs home sale average of 38 days. The average days a home sets on the market in 80903 is up 205.3% versus the same period last year. That is an indication of decreased market strength vs. last year which is a sign that inventory pressure is easing.
Knowing average days on market for a zip code is not enough. Comparing the days on market for home sales in 80903 vs. the home sales in other zip codes can help you determine relative market strength. It’s also helpful to look at whether that number trending higher or lower over time and also look at the data at your specific price point. How does that trend compare to other areas? These insights can help you understand overall Colorado Springs housing market conditions and trends in different parts of the community. Contact me if you want to know what the days on market in 80903 means to you and your transaction.
You can scroll to the bottom of this page to see homes for sale in zip code 80903 or go to the search page to see every home available in Colorado Springs.
80903 Price Per Square Foot As Of 10/31/2023: $305The average home in 80903 sold for $305 per square foot. That has fallen by -2.2% versus the same period last year. The maximum recorded price per foot has been $682 with a minimum price of $118.
The average home sale price of $305 in 80903 represents a premium of 36.7% versus the Colorado Springs home sale average of $223 per square foot.
Price per square foot can be one of the most valuable tools when assessing what a home should be selling for in Colorado Springs. However, it can be incredibly misleading if not used correctly (you can’t compare apples and tomato’s after all). You need an expert to look at data relevant to the specific home you are assessing. Failure to look at the right data will actually misinform you and you will make a decision based on bad data. You might pass on the perfect house because the data tells you it’s too expensive or you might even overpay for a home that you decide to persue. In addition, knowing how price per square foot in 80903 compares to other specific areas and how that number has increased or decreased over time can be a helpful indicator of market strength and an indication for future appreciation. If you would like more information, please feel free to contact me.
The bottom of this page has every home for sale in zip code 80903. Or go to the search page to see every home available in Colorado Springs.
Client Advantage:Over 90% of real estate transactions involve a Realtor…so pick one, don’t just use the first one you stumble upon on line or at an open house. My guidance gives YOU the advantage that will save (or make) you money. My slogan says it all… Superior research so YOU make Smarter decisions.
You can make decisions based on opinions or you can make decisions based on facts and trends. Market health varies widely depending on area, size of home, age of home, price range etc… My clients have access to a variety of reports that only I provide. These reports help you understand market dynamics affecting your specific transaction so you can adjust your strategy accordingly. Contact me if you would like to have a conversation (or text stream or email chain) to see if we might work well together.
All information is based on the Realtors Multiple Listing Service and is deemed accurate but is not guaranteed. It is important to note that transactions not listed in the MLS or where the wrong information was inputted by the Realtor involved will not be reflected in this assessment.
Other Zip Codes: 80106 | 80132 | 80133 | 80808 | 80809 | 80817 | 80819 | 80820 | 80829 | 80831 | 80833 | 80835 | 80864 | 80903 | 80904 | 80905 | 80906 | 80907 | 80908 | 80909 | 80910 | 80911 | 80915 | 80916 | 80917 | 80918 | 80919 | 80920 | 80921 | 80922 | 80923 | 80924 | 80925 | 80927 | 80928 | 80938 | 80939 | 80951
Colorado Springs Homes For Sale in 80903
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