Is Now a Good Time to Buy?

For the first time in years, the power dynamic in the Colorado Springs real estate market has shifted. As of January 2026, the region is characterized as a "soft buyer's market". After years of breakneck price hikes, the market flattened throughout 2025, providing a much-needed breather for local families and military members.

Key 2026 Market Indicators:
Pricing Relief: The median home price in early 2026 sits around $460,000, down approximately 5% from late 2024 levels.
Surging Inventory: Active listings reached over 2,800 units in December 2025—the highest level for that month since 2013.
Negotiating Power: Homes are averaging roughly 65 days on market, giving buyers ample time to think, inspect, and negotiate. Sellers are increasingly open to price reductions, repair credits, and closing cost concessions.

While national headlines often focus on high mortgage rates, local experts suggest that waiting for a dramatic drop below 5% is unrealistic for 2026. Instead, many are utilizing the "buy now, refinance later" strategy to lock in stabilized home prices before any future rate dips reignite heavy competition.

Best Neighborhoods for Value and Growth

Choosing where to plant roots in "The Springs" depends on your lifestyle priorities, but 2026 data highlights several standout areas for value and long-term stability.

For Military Families: Neighborhoods like Fountain  and Falcon  remain top choices due to their proximity to Fort Carson and Peterson Space Force Base. These areas offer newer construction and a median value of approximately $463,700, often qualifying for 0%-down VA Loans.

For High-Growth Potential: North Colorado Springs (including Briargate  and Northgate) continues to lead the city in appreciation potential, fueled by the expanding tech and aerospace sectors. While median prices here can exceed $545,000, the steady demand from high-income professionals makes it a resilient investment.

For Affordability: Buyers looking for entry-level opportunities are finding success in Southeast  and Central Colorado Springs, where median values range from $322,000 to $352,000.

For Established Charm: The Old North End  and Broadmoor  areas maintain their status as premium enclaves. While prices are higher, these neighborhoods historically hold their value better during national economic shifts.

Current Pikes Peak Association of Realtors reports show that while the overall market is cooler, "move-in ready" homes in these desirable pockets still move quickly, often in under 22 days.

Are you considering a military relocation or a first-time purchase? Knowing your specific goals can help narrow down the best neighborhood search strategy for your budget.