Data collected from March 1, 2026, through March 31, 2026, shows the city of Colorado Springs is experiencing a shift in inventory and buyer behavior. The data reflects city-limits-only figures from Redfin, not the broader metro area. With new listings up and pending sales increasing, the market is showing signs of a slight cooling, but it’s still favoring buyers over sellers.

The median list price in the city of Colorado Springs held steady at $470,000, down slightly from $485,000 a year ago and $465,000 last month. The list price per square foot remained consistent at $222.63, slightly below the $223 recorded last month but in line with the $222 from a year ago. With 28.8% of homes seeing price drops and 40.2% of homes off the market within two weeks, the pace of sales is slowing, and buyers are finding more options to negotiate.

What This Means for Buyers

Buyers in the city of Colorado Springs have more options than they did a year ago, with new listings up 10.6% compared to the same period last year. The market is less competitive, and with 28.8% of homes seeing price reductions, there’s room to negotiate. The share of homes sold above list price dropped to 24.6%, which means buyers have more leverage than in previous months.

What This Means for Sellers

Sellers in the city of Colorado Springs are facing a more balanced market. While inventory remains low compared to historical averages, the increase in new listings and the rise in price drops suggest that sellers may need to adjust their expectations. With 40.2% of homes off the market within two weeks, timing and pricing remain critical to success.

The city of Colorado Springs remains a competitive but more balanced market for buyers and sellers. Inventory is rising, and the pace of sales is slowing, giving buyers more options and sellers more time to find the right buyer.