Revolutionizing · Modernizing · SimplifyingRevolutionizing · Modernizing · SimplifyingColorado Springs and Elbert are both in El Paso County. There are 977 homes for sale in Colorado Springs and 14 in Elbert as this page loaded. Elbert is the more expensive of the two: a median asking price of $1,124,950 against $500,000 in Colorado Springs, about 125% higher. Homes are moving faster in Colorado Springs — a median of 62 days on market against 86 in Elbert. On months of supply both are a balanced market right now.
| Measure | Colorado Springs | Elbert |
|---|---|---|
| Homes for sale | 977 | 14 |
| New in last 30 days | 268 | 3 |
| Median asking price | $500,000 | $1,124,950 |
| Median price per sq ft | $236 | $410 |
| Median size (sq ft) | 2,212 | 2,762 |
| Median bedrooms | 4 | 4 |
| Median days on market | 62 | 86 |
| Months of supply | 4.1 | 3.7 |
| Sold, last 12 months | 2,845 | 46 |
| Median sold price | $474,000 | $700,000 |
| Median days to sell | 69 | 108 |
| Sold vs asking price | 100.0% | 98.0% |
The darker figure in each row is the lower price, the shorter wait or the larger number — which of those is the good news depends entirely on whether you are buying or selling.
Elbert is more expensive. The median asking price is $1,124,950 in Elbert against $500,000 in Colorado Springs. By price per square foot, Colorado Springs runs $236 and Elbert $410.
Homes for sale in Colorado Springs have been on the market a median of 62 days, against 86 days in Elbert. Of the homes that actually closed in the last twelve months, Colorado Springs took a median of 69 days and Elbert 108.
Colorado Springs is a balanced market and Elbert is a balanced market, measured on months of supply — 4.1 months in Colorado Springs and 3.7 in Elbert. More months of supply means more choice and more room to negotiate, so on that measure Colorado Springs is the easier of the two to buy in today. That is the arithmetic, not advice — the right town is the one you want to live in.
There are 977 homes for sale in Colorado Springs and 14 in Elbert as this page loaded, 268 and 3 of them new in the last 30 days.
They are not published on a schedule and they are not a monthly snapshot. Both towns are read from the live MLS feed at the same instant, when you open this page, so the two sides are always measured against each other rather than against different weeks.
Both sides of this comparison are recalculated from the live MLS feed at the moment the page loads - neither is a monthly snapshot, and the two are read at the same instant so they are always comparable. Figures cover residential homes for sale; rentals, land and commercial are excluded, as are fractional co-ownership shares, which are priced per share and would distort the medians. Sold figures cover the last twelve complete calendar months. Market data is deemed reliable but not guaranteed - talk to us before making a decision on it.