Penrose, CO - Realtime Market Report

or Create your own market report

Market Report as of 

Withe the rise in the desire to have more land attached to homes, Penrose has seen recent increased activity.  Following the substantial surge of energy from the Colorado Springs and Denver housing markets (#1 market in the nation for 2016)Penrose, Colorado, Penrose is experiencing rising interest.  Property values are increasing as the inventory is shrinking. Demand is outpacing the current inventory as we shift into a seller's market.

Concerning potential sellers:  If you are pondering selling, now is a very rare and opportune time to do so.  There is marked risk of interest rates rising.  If interest rates go up one point, buyers' home purchasing power goes down 10%.  This means there will be a reduced pool of purchasers capable of acquiring your property at the price you desire.  Statistically, this can lead to a reduction in your price to an undesirable degree.

Concerning potential buyers:  Interest rates are extremely low (with current risk of them rising), market volatility variables for the nation as a whole are mostly stable, and property inventory in this area is moving towards record lows.  If you want to purchase a property in Penrose, your window of opportunity is becoming smaller and smaller for a desirable price.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
18530 Hwy 115 3 3 2,915 $1,095,000 $375 85 days
2160 CR 120 5 6 8,336 $892,680 $107 164 days
TBD Hwy 50 N/A N/A N/A $599,000 Unknown 68 days
TR 35 Valley Drive N/A N/A N/A $420,000 Unknown 30 days
350 8th Street 4 1 2,300 $334,500 $145 296 days
4509 CR 123 N/A N/A N/A $255,000 Unknown 331 days
100 Broadway Avenue N/A N/A N/A $179,900 Unknown 8 days
Lot 339 Hwy 50 N/A N/A N/A $169,000 Unknown 116 days
LOT 65 Rimrock Terrace N/A N/A N/A $145,000 Unknown 5 days
LOT 44 Lakeview Lane N/A N/A N/A $135,000 Unknown 5 days
LOT 64 Rimrock Terrace N/A N/A N/A $130,000 Unknown 5 days
LOT 45 Lakeview Lane N/A N/A N/A $130,000 Unknown 5 days
TBD C Street N/A N/A N/A $129,700 Unknown 11 days
TBD Hwy 50 N/A N/A N/A $116,500 Unknown 808 days
725 Van Egmond Drive N/A N/A N/A $115,000 Unknown 79 days
TBD L48 Lakeview Lane N/A N/A N/A $115,000 Unknown 380 days
0000 Lakeview Lane N/A N/A N/A $110,000 Unknown 244 days
TR 35 Valley Drive N/A N/A N/A $105,000 Unknown 39 days
TR 35 Valley Drive N/A N/A N/A $105,000 Unknown 39 days
TR 35 Valley Drive N/A N/A N/A $105,000 Unknown 39 days
Average: 4.0 3.3 4,517 $225,780 $209 140 days
Viewing 1 - 20 of 26
Viewing 1 - 20 of 26
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
820 Q Street 3 3 1,596 $284,500 $178 29 days
841 5th Street 3 2 1,888 $275,000 $145 63 days
435 D Street 3 2 1,152 $274,900 $238 48 days
490 K Street 2 2 1,176 $230,000 $195 33 days
819 9th Street N/A N/A N/A $132,000 Unknown 161 days
Average: 2.8 2.3 1,453 $266,100 $189 44 days
Viewing 1 - 5 of 4
Viewing 1 - 5 of 4
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
245 Quail Court 4 3 4,529 $775,000 $725,000 $160 49 days 6/10/20
1593 Top Notch Trail 4 4 5,940 $680,000 $720,000 $121 19 days 9/8/20
68 C Bar Trail 4 3 3,488 $530,000 $530,000 $151 154 days 8/6/20
1351 6th Street 4 2 2,664 $449,118 $475,000 $178 39 days 8/7/20
1760 16th Street 4 3 3,546 $479,000 $470,000 $132 51 days 8/14/20
2104 CR 127 3 2 2,240 $400,000 $460,000 $205 42 days 6/11/20
830 M Street 3 3 2,388 $459,000 $454,700 $190 124 days 9/21/20
330 7th Street 3 2 1,848 $430,000 $435,000 $235 63 days 6/12/20
1183 2nd Street 3 2 1,792 $409,000 $390,000 $217 172 days 5/22/20
1025 7th Street 4 1 1,760 $349,900 $345,000 $196 64 days 7/21/20
763 7th Street 3 3 1,960 $349,000 $340,000 $173 80 days 9/11/20
303 Grazing Bit Trail 3 2 1,370 $325,000 $340,000 $248 31 days 7/17/20
47 Iris Lane 4 2 2,600 $331,950 $329,000 $126 69 days 10/1/20
1106 9th Street 3 2 1,620 $320,000 $321,000 $198 115 days 7/9/20
1437 O Street 4 2 1,904 $320,000 $312,000 $163 85 days 9/8/20
1035 S Street 3 3 1,884 $325,000 $310,000 $164 38 days 6/9/20
2425 CR 127 3 2 1,678 $297,700 $307,000 $182 44 days 8/21/20
835 9th Street 3 2 1,770 $299,900 $305,000 $172 27 days 8/31/20
1747 16th Street 3 2 1,794 $300,000 $292,500 $163 51 days 10/1/20
4200 CR 123 3 2 1,792 $299,000 $285,000 $159 108 days 8/28/20
Average: 3.1 2.1 1,911 $248,419 $245,846 $166 103 days
Viewing 1 - 20 of 57
Viewing 1 - 20 of 57