The Pikes Peak Region housing market in October 2025 continues to show signs of normalization after several years of volatility. While home prices have eased slightly, inventory remains elevated and buyers are enjoying more options than they’ve had in years. Here’s a detailed breakdown of this month’s market trends, based on the latest data from the Pikes Peak Multiple Listing Service (PPMLS).
Average Days on Market
Homes in the Pikes Peak Region spent an average of 54 days on the market in October 2025, the same as in September but up from 44 days in October 2024.
- The year began with an average of 68 days on market in January, dropping to a low of 39 days in July before gradually increasing again in fall.
- This reflects a typical seasonal cooling trend as buyer activity slows heading into the winter months.
Summary: Homes are still selling at a steady pace, but buyers are taking more time to evaluate their options, creating a more balanced environment between buyers and sellers.
Residential Home Sales
There were 876 single-family and patio home sales in October, a 12.2% decline from the same time last year and down 14.6% from September.
Despite the monthly slowdown, year-to-date sales remain slightly higher than in 2024, with 10,043 homes sold in 2025 compared to 9,732 last year.
Condo and townhome sales followed a similar pattern—down modestly from last year but holding steady overall.
Summary: Buyer activity has softened since summer, but overall sales volume for 2025 remains positive, signaling sustained demand in the Pikes Peak region.
Homes for Sale and Inventory Levels
The number of active single-family listings in October was 3,918, up 15.4% year-over-year.
Inventory peaked at 4,226 homes in July before tapering slightly into the fall.
The months’ supply of inventory rose to 4.5 months, up from 3.4 months last year—indicating a move toward a balanced market rather than the rapid-turnover conditions seen in past years.
Summary: Buyers now have significantly more choices, while sellers face increased competition and must focus on strategic pricing and home presentation.
Average and Median Sales Prices
The average sales price for single-family/patio homes in October was $543,590, a 3.8% decrease from September and 2.5% lower than October 2024.
The median sales price fell slightly to $473,500, compared to $479,450 last month.
Throughout 2025, prices remained largely stable—peaking at $570,516 in June before a gradual late-year correction.
Summary: Prices are adjusting to reflect a more sustainable market pace. Sellers remain in a strong position if they price appropriately and ensure their homes show well.
New Listings
October brought 1,389 new single-family listings, nearly identical to October 2024’s total of 1,408.
This represents only a 1.3% decrease year-over-year, showing steady seller confidence even amid shifting conditions.
For comparison:
- 2021: 1,596 new listings
- 2022: 1,239
- 2023: 1,185
- 2024: 1,408
- 2025: 1,389
Summary: The consistency in new listings points to a healthy, stable seller base and continued engagement across the market.
Year-to-Date Market Overview
- New Listings (YTD): 15,732 (+7.9% vs. 2024)
- Closed Sales (YTD): 10,043 (+3.2%)
- Average Sales Price (YTD): $562,496 (+2.4%)
- Sales Volume: $5.6 billion (+5.7%)
These metrics highlight a steady, resilient local housing market. Even with rising inventory and moderating prices, the Pikes Peak Region continues to outperform many national markets in both stability and sales activity.
Market Outlook
Heading into late 2025 and early 2026, the Pikes Peak housing market is positioned in a balanced state.
- Buyers can take advantage of more options, less competition, and slightly softer prices.
- Sellers still have strong equity positions but need to price strategically and be mindful of rising days on market.
- Any decline in interest rates could quickly stimulate renewed activity heading into the spring selling season.
Local Experts in the Pikes Peak Housing Market
At Colorado’s Finest Agency, we live and breathe Colorado real estate. Our team—Laurie Derickson and Kalene Zaabadick of Colorado’s Finest Agency—are your trusted local experts on the Pikes Peak housing market. Whether you’re buying, selling, or simply exploring your next move, we provide the insight, strategy, and local knowledge to help you make confident decisions.
For more information or personalized guidance on today’s market, contact us directly to start the conversation. We’re here to help you navigate every step of your Colorado real estate journey. 719 367-6880
