Why Condos and Townhomes Are Becoming a Smart Buy in Colorado Springs – November 2025 Market Update

Looking for a Smarter Way to Buy in Colorado Springs?

If you have been watching the market and wondering whether now is the time to buy, here is what is changing.

While single family homes still dominate listings across Colorado Springs, condos and townhomes are quickly becoming one of the smartest and most strategic buys for 2025.

According to the latest RSC data, new condo and townhome listings jumped 13.5% month over month in October 2025, while prices held nearly flat. That means more options, steadier pricing, and less competition. For buyers navigating high rates and limited supply, this is a moment worth paying attention to.

The Value Gap Is Hard to Ignore

Here is where the numbers get interesting. As of October 2025, the median single family home price in Colorado Springs sits at $473,500, while the median condo or townhome is $319,500. That is a $154,000 difference, which experts call the value gap.

The value gap is the price difference between detached homes and attached homes in the same market. In Colorado Springs right now, that gap is unusually wide, and that creates a rare opportunity for buyers.

• 💰 Affordability: That $154,000 gap could mean $800 to $1,000 less per month on your mortgage payment, depending on rate and down payment.
• 🏠 Accessibility: Buyers who were priced out of single family homes can step into ownership without overextending.
• 🌇 Location perks: Condos and townhomes often sit in central or highly desirable neighborhoods near restaurants, parks, and major employers.
• 🔧 Less upkeep: HOA communities handle exterior maintenance, snow removal, and landscaping, which supports a low maintenance lifestyle.
• 📈 Investment upside: When the value gap widens, attached homes often appreciate faster in the following years as demand shifts toward affordability.

That is why many local agents, our team included, view this as one of the most strategic entry points since before the pandemic surge for buyers who want condos and townhomes in Colorado Springs.

Why This Market Favors Condo and Townhome Buyers

If you have been waiting for a window to buy in Colorado Springs, this might be it. Right now, attached homes are hitting a sweet spot where inventory is up, prices are stable, and sellers remain realistic.

• New condo and townhome listings: 193, up 13.5% from September
• Median sale price: $319,500
• Average sale price: $361,871
• Average days on market: 68
• Sale to list ratio: 98.2%
• Months of inventory: 4.9 which signals balance

This is not a buyer frenzy or a seller squeeze. It is a balanced market where you can take your time, compare properties, and make smart offers without sacrificing quality or value.

With more developers introducing attached options across neighborhoods like Briargate, Northgate, and the East Powers corridor, buyers can target newer builds and modern amenities, often under $350,000.

Lifestyle Meets Practicality

Beyond price, condos and townhomes offer something many Colorado Springs buyers want: ease.

If you travel often, work long hours, or prefer weekends without yardwork, attached living gives you flexibility without giving up ownership. Many communities include:

• Fitness centers, pools, or nearby trails
• Energy efficient construction and modern finishes
• Snow removal and landscaping included
• Secure, community oriented environments

It is the best of both worlds, at a price point that makes sense for buyers focused on condos and townhomes in Colorado Springs.

Why Waiting Might Cost You

The gap between single family and attached home pricing rarely stays this wide for long. As rates stabilize into 2026 and demand keeps shifting toward affordability, condos and townhomes are likely to see quicker appreciation. Acting now can let you lock in a fair price and refinance later if rates ease. Waiting can mean paying more for the same home or having fewer good options.

Ready to Explore Condos and Townhomes for Sale in Colorado Springs?

If you have been waiting for the right time to step into homeownership, this could be it.

👉 Explore condos and townhomes in Colorado Springs on RealScout to browse active listings, compare neighborhoods, and see real time market data tailored to your budget and preferences.

Our team can help you evaluate which communities offer the best long term value, HOA structures, and financing opportunities, including VA and first time buyer programs that make condo ownership even more accessible.

FAQ: Buying Condos and Townhomes in Colorado Springs