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Town comparisons › Manitou Springs vs Monument

Manitou Springs vs Monument

Manitou Springs and Monument are both in El Paso County. There are 19 homes for sale in Manitou Springs and 137 in Monument as this page loaded. Monument is the more expensive of the two: a median asking price of $824,900 against $560,000 in Manitou Springs, about 47% higher. Homes are moving faster in Manitou Springs — a median of 81 days on market against 87 in Monument. Manitou Springs is a buyer's market right now and Monument is a balanced market.

Side by side

MeasureManitou SpringsMonument
Homes for sale19137
New in last 30 days331
Median asking price$560,000$824,900
Median price per sq ft$355$239
Median size (sq ft)2,0463,444
Median bedrooms34
Median days on market8187
Months of supply7.65.0
Sold, last 12 months30331
Median sold price$651,500$800,000
Median days to sell7072
Sold vs asking price97.0%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.

What each market is doing

Manitou Springs is a buyer's marketOver six months of supply means there are more homes for sale than the current pace of sales absorbs. Buyers have choice and time, and sellers usually have to compete on price or condition.
Monument is a balanced marketBetween three and six months of supply is the range where neither side has the upper hand - well-priced homes sell and buyers still have room to negotiate.

Manitou Springs

19
Homes for sale
$560,000
Median asking price
$355
Median per sq ft
81
Median days on market

Monument

137
Homes for sale
$824,900
Median asking price
$239
Median per sq ft
87
Median days on market

Look at either town on its own

Questions people ask

Is Manitou Springs or Monument more expensive?

Monument is more expensive. The median asking price is $824,900 in Monument against $560,000 in Manitou Springs. By price per square foot, Manitou Springs runs $355 and Monument $239.

Which moves faster, Manitou Springs or Monument?

Homes for sale in Manitou Springs have been on the market a median of 81 days, against 87 days in Monument. Of the homes that actually closed in the last twelve months, Manitou Springs took a median of 70 days and Monument 72.

Is Manitou Springs or Monument the better market for a buyer?

Manitou Springs is a buyer's market and Monument is a balanced market, measured on months of supply — 7.6 months in Manitou Springs and 5.0 in Monument. More months of supply means more choice and more room to negotiate, so on that measure Manitou 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.

How many homes are for sale in Manitou Springs and Monument?

There are 19 homes for sale in Manitou Springs and 137 in Monument as this page loaded, 3 and 31 of them new in the last 30 days.

How current are these figures?

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.