Revolutionizing · Modernizing · SimplifyingRevolutionizing · Modernizing · SimplifyingColorado Springs and Palmer Lake are both in El Paso County. There are 977 homes for sale in Colorado Springs and 11 in Palmer Lake as this page loaded. Palmer Lake is the more expensive of the two: a median asking price of $579,000 against $500,000 in Colorado Springs, about 16% higher. Homes are moving faster in Palmer Lake — a median of 48 days on market against 62 in Colorado Springs. On months of supply both are a balanced market right now.
| Measure | Colorado Springs | Palmer Lake |
|---|---|---|
| Homes for sale | 977 | 11 |
| New in last 30 days | 268 | 2 |
| Median asking price | $500,000 | $579,000 |
| Median price per sq ft | $236 | $333 |
| Median size (sq ft) | 2,212 | 2,211 |
| Median bedrooms | 4 | 3 |
| Median days on market | 62 | 48 |
| Months of supply | 4.1 | 4.0 |
| Sold, last 12 months | 2,845 | 33 |
| Median sold price | $474,000 | $608,000 |
| Median days to sell | 69 | 80 |
| Sold vs asking price | 100.0% | 99.0% |
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.
Palmer Lake is more expensive. The median asking price is $579,000 in Palmer Lake against $500,000 in Colorado Springs. By price per square foot, Colorado Springs runs $236 and Palmer Lake $333.
Homes for sale in Palmer Lake have been on the market a median of 48 days, against 62 days in Colorado Springs. Of the homes that actually closed in the last twelve months, Colorado Springs took a median of 69 days and Palmer Lake 80.
Colorado Springs is a balanced market and Palmer Lake is a balanced market, measured on months of supply — 4.1 months in Colorado Springs and 4.0 in Palmer Lake. 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 11 in Palmer Lake as this page loaded, 268 and 2 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.