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
5041 Rimrock Terrace 5 3 3,854 $1,500,000 $389 3 days
1399 B Street N/A N/A N/A $1,300,000 Unknown 866 days
415 4th Street 3 2 1,805 $769,500 $426 17 days
105 Top Notch Trail 4 3 3,468 $619,000 $178 49 days
49 Pleasure Trail 5 3 3,181 $539,900 $169 35 days
TBD Wilderness Road N/A N/A N/A $500,000 Unknown 43 days
1263 13th Street 4 2 3,200 $499,999 $156 26 days
647 Broadway Avenue 5 4 2,640 $495,000 $187 3 days
1142 L Street 3 2 2,126 $449,800 $211 17 days
5090 CR 132 N/A N/A N/A $399,000 Unknown 11 days
785 B Street 2 1 1,260 $395,000 $313 59 days
309 Illinois Street 2 2 1,260 $319,000 $253 68 days
1006 I Street 3 2 1,272 $259,000 $203 5 days
125 Top Notch Trail N/A N/A N/A $250,000 Unknown 60 days
00 Hwy 50 N/A N/A N/A $129,000 Unknown 76 days
LOT 45 Lakeview Lane N/A N/A N/A $120,000 Unknown 273 days
LOT 44 Lakeview Lane N/A N/A N/A $120,000 Unknown 273 days
0000 Rimrock Terrace N/A N/A N/A $110,000 Unknown 42 days
TR 53 Valley Drive N/A N/A N/A $99,000 Unknown 307 days
000 Turril Trail N/A N/A N/A $80,000 Unknown 97 days
Average: 3.6 2.4 2,406 $309,425 $248 157 days
Viewing 1 - 20 of 31
Viewing 1 - 20 of 31
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1400 K Street 3 2 2,950 $549,900 $186 70 days
151 Top Notch Trail 3 2 2,458 $548,150 $223 13 days
890 6th Street 3 2 1,492 $500,000 $335 82 days
754 Q Street 4 3 2,198 $465,000 $211 35 days
1587 Q Street 5 3 4,112 $439,000 $106 18 days
210 3rd Street 4 3 2,484 $425,000 $171 16 days
350 8th Street 4 1 1,748 $325,000 $185 35 days
725 Van Egmond Drive N/A N/A N/A $105,000 Unknown 347 days
1110 Q Street N/A N/A N/A $87,900 Unknown 77 days
Average: 3.7 2.3 2,491 $382,772 $202 77 days
Viewing 1 - 9 of 9
Viewing 1 - 9 of 9
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
18530 Hwy 115 3 3 2,915 $1,095,000 $1,095,000 $375 220 days 3/15/21
193 Top Notch Trail 4 4 4,398 $594,000 $610,000 $138 59 days 3/19/21
445 G Street 3 3 2,175 $589,000 $575,000 $264 102 days 6/18/21
1451 R Street 5 4 3,208 $600,000 $575,000 $179 97 days 4/23/21
1194 Rimrock Terrace 3 5 2,525 $620,000 $510,000 $201 26 days 6/30/21
1832 Top Notch Trail 3 2 2,072 $449,900 $495,000 $238 27 days 6/7/21
87 K Street 3 3 2,016 $499,500 $490,000 $243 113 days 6/15/21
906 L Street 3 N/A 1,800 $499,990 $478,000 $265 54 days 1/26/21
710 N Street 3 2 1,912 $435,000 $435,000 $227 45 days 6/24/21
260 8th Street 3 3 1,694 $429,900 $429,000 $253 104 days 3/22/21
401 Broadway Street N/A N/A N/A $429,750 $410,000 Unknown 79 days 2/26/21
1045 3rd Street 4 3 1,774 $397,500 $397,500 $224 48 days 2/22/21
633 G Street 3 N/A 1,750 $395,000 $380,000 $217 48 days 2/3/21
1390/1400 K Street 3 2 1,798 $395,000 $379,000 $210 22 days 3/8/21
502 7th Street 3 2 1,553 $364,958 $371,958 $239 42 days 5/17/21
1302 R Street 3 2 1,280 $399,900 $365,000 $285 57 days 6/29/21
67300 Hwy 50 3 2 1,848 $374,900 $365,000 $197 29 days 4/13/21
5001 CR 123 3 2 3,988 $375,000 $360,000 $90 79 days 5/13/21
755 Broadway Street 4 3 2,056 $349,900 $350,000 $170 34 days 3/4/21
625 Santana Drive 4 3 2,822 $345,000 $345,000 $122 66 days 3/26/21
Average: 3.0 2.4 1,844 $252,030 $248,245 $192 109 days
Viewing 1 - 20 of 71
Viewing 1 - 20 of 71