Home Prices In 81240

Reporting Period: 3/1/2019

Home Prices In 81240This is a year over year summary for home prices in 81240 zip code of Colorado Springs. Whether you want to do research on what your home is worth in 81240 or are interested in buying a home in 81240, you need the tools to understand what is driving the home prices in zip code 81240 so you can make intelligent decisions when purchasing or selling your home in 81240.

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 81240 or search EVERY HOME FOR SALE RIGHT HERE.

Home Stats For 81240 Sales As Of 3/1/2019:

Age Square Feet Beds Baths Garages Taxes
1992 1940 3.4 2.0 2.6 $976

(All numbers are averages for transactions during this period)

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Sales Count for 81240 As Of 3/1/2019: 5


As of 3/1/2019, there have been 5 home sales in 81240 so far this year. This makes up less than 1% of the overall Colorado Springs home sale transactions. This is an increase of 150.0% versus the same period last year. Total sales volume in 81240 for the reporting period has been $1,395,500 which is up by 151.4% from the same period last year.

Is the 81240 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 81240 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 81240 or go to the search page to see every home available in Colorado Springs.

Average Home Price In 81240 As Of 3/1/2019: $279,100

The average home price in 81240 year to date has been $279,100 which is 15.9% lower than the Colorado Springs average home price of $331,806. The lowest recorded home sale price for 81240 has been $203,000 with the highest recorded home sale noted as $372,500.

Comparing home appreciation rates in 81240 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 increasing (or decreasing) in value. Contact me if you would like more info about average home prices in 81240 versus other areas.

Enough stats? Scroll to the bottom of this page to see homes for sale in zip code 81240 or go to the search page to see every home available in Colorado Springs and surrounding areas.

Average Days On Market as of 3/1/2019 for 81240: 59

The average days on market for home sales in 81240 has been 59 which is 23.6% higher than the Colorado Springs home sale average of 48 days. The average days a home sets on the market in 81240 is down -22.63% versus the same period last year. That is an indication of increased market strength vs. last year which is a good thing!

Knowing average days on market for a zip code is not enough. Comparing the days on market for home sales in 81240 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. 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 81240 means to you and your transaction.

You can scroll to the bottom of this page to see homes for sale in zip code 81240 or go to the search page to see every home available in Colorado Springs.

81240 Price Per Square Foot As Of 3/1/2019: $143

The average home in 81240 sold for $143 per square foot. That has fallen by -30.55% versus the same period last year. The maximum recorded price per foot has been $184 with a minimum price of $112.

The average home sale price of $143 in 81240 represents a discount of 1.2%  versus the Colorado Springs home sale average of $145 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 cause you to make bad decisions. In addition, knowing how price per square foot in 81240 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 81240. 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 at an open house. My guidance gives YOU the advantage that will save (or make) you more 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 accordinglyContact 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.

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Other Zip Codes: 80104 | 80106 | 80118 | 80132 | 80133 | 80135 | 80808 | 80809 | 80813 | 80814 | 80816 | 80817 | 80819 | 80820 | 80827 | 80829 | 80831 | 80835 | 80863 | 80864 | 80903 | 80904 | 80905 | 80906 | 80907 | 80908 | 80909 | 80910 | 80911 | 80915 | 80916 | 80917 | 80918 | 80919 | 80920 | 80921 | 80922 | 80923 | 80924 | 80925 | 80927 | 80928 | 80951 | 81001 | 81004 | 81005 | 81007 | 81008 | 81212 | 81240

Colorado Springs Homes For Sale in 81240


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