Written by Beaton Brothers Property Experts | Top Colorado Springs Realtors
Publish Date: October 22, 2025

Are Colorado Springs Condo and Townhome Prices Rising or Falling? Here’s What September 2025 Really Shows

September 2025 brought a notable shift in the Colorado Springs condo and townhome market. While new listings dropped 32% month-over-month, the average sale price climbed 5.7% to $366,060, according to data from the Pikes Peak REALTOR® Services Corp (RSC). This dual trend signals a tightening supply—but persistent demand—for low-maintenance, affordable housing options across the region.

1. What the September Data Tells Us

• New listings: Down from 250 in August to 170 in September (–32%)
• Average sale price: Up 5.7% to $366,060
• Median sale price: $326,000
• Active inventory: 648 units (–5.3% from August)
• Average days on market: 68 days

In short, while fewer attached homes hit the market, buyers continued to compete for move-in-ready, low-maintenance spaces—especially near downtown, the Powers corridor, and east-side new-build communities.

2. Why Prices Are Still Rising

The Colorado Springs condo and townhome market remains one of the few attached-housing sectors in the state where affordability meets convenience. The rise in prices—even amid lower listing volume—reflects pent-up buyer demand. Many would-be single-family buyers are pivoting to condos and townhomes to stay within budget while still benefiting from homeownership and potential equity growth.

With the median single-family home price near $479,450, condos and townhomes priced under $400,000 have become a sweet spot for both first-time buyers and investors.

3. Opportunity for First-Time Buyers and Investors

Rising rates and low inventory have pushed many buyers to rethink their strategy. Colorado Springs Condos and townhomes provide an attainable path into the market—often with lower maintenance, HOA-covered exterior care, and access to in-demand areas. For investors, steady rent demand and limited new supply mean stronger rental performance and long-term appreciation potential.

• Lower entry price points than single-family homes
• High rental demand from professionals and military families
• HOA maintenance makes for easy, low-effort ownership
• Prime locations near downtown, hospitals, and military bases

4. Neighborhoods to Watch

• Powers Corridor (80922, 80923) – Newer builds and proximity to Peterson SFB
• Northeast Colorado Springs (80918) – Established communities with strong resale value
• Downtown & Old Colorado City – Historic charm with consistent investor interest
• Banning Lewis Ranch & Stetson Hills – Modern amenities and community appeal

5. Search Condos and Townhomes for Sale

Ready to explore what’s available right now? Use our live MLS-connected search below to view Colorado Springs condos for sale and townhomes under $400k in real time.

🔍 Explore Condos & Townhomes on RealScout

6. The Bottom Line

The attached-home market may be cooling slightly in listings, but demand—and prices—remain resilient. For buyers priced out of single-family homes or investors looking to diversify, now is a smart moment to act before prices climb further. With the right guidance and local insight, you can secure a property that balances affordability, location, and long-term growth potential.

7. What This Means for Buyers, Sellers, and the Months Ahead

For Buyers

If you’ve been watching single-family prices hold firm, this slight cooling in the condo and townhome market opens an important window of opportunity.

• Less competition: With new listings down 32%, some buyers are hesitating—but those who stay active are finding more favorable negotiations.
• More predictable pricing: Price growth of 5.7% reflects steady demand, not bidding wars. Homes are selling close to list price, giving buyers a fair shot at securing quality units.
• Expanded affordability: For first-time buyers who can’t stretch to the $479,000 single-family median, Colorado Springs townhomes under $400k are an accessible entry point into homeownership and equity growth.

Smart buyers who get pre-approved and work with a local expert can lock in good value before demand picks back up heading into the spring 2026 market.

For Sellers

While new listings are down, demand for well-priced, move-in-ready condos remains strong—especially in northeast Colorado Springs, the Powers corridor, and Banning Lewis Ranch.

• Price strategically: Buyers are more rate-sensitive, so homes priced 2–3% below overinflated comps are moving faster.
• Leverage low inventory: With inventory down 5.3%, a staged, well-marketed condo can still attract multiple offers within 30–45 days.
• Focus on presentation: Fresh paint, updated flooring, and modern lighting often deliver higher ROI in attached housing than major remodels.

For sellers planning to move up into a single-family home, now can be a strategic time to sell an attached unit and reinvest before prices climb again in early 2026.

The Outlook for the Rest of 2025

Expect the condo and townhome market to stay balanced but competitive through the rest of the year.

• Inventory will remain tight as fewer sellers list during the holidays.
• Prices should hold or rise modestly (1–2%) thanks to steady demand from investors and affordability-seeking buyers.
• Interest rates are expected to hover or decline slightly, which could spark a mild surge in January and February activity.

Overall, the trend suggests continued strength for attached housing—particularly for properties under $400,000 and those located near major employment centers, shopping corridors, and military bases.

Final Thoughts

As the Colorado Springs condo and townhome market moves into the final months of 2025, one thing is clear—attached housing continues to offer real opportunity. Whether you’re a first-time buyer looking for an affordable entry point, an investor searching for long-term value, or a seller ready to capitalize on steady demand, understanding the trends now can help you make confident moves in the months ahead. With local expertise and real-time data, Beaton Brothers Property Experts can help you navigate this evolving market and find the strategy that fits your goals best.