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
1399 B Street N/A N/A N/A $1,300,000 Unknown 993 days
5041 Rimrock Terrace 5 3 3,854 $998,000 $258 130 days
13120 Hwy 115 4 4 4,705 $940,000 $199 54 days
1260 3rd Street 3 3 2,541 $699,900 $275 127 days
TBD L1, 2 Wild Lyn Road N/A N/A N/A $399,000 Unknown 126 days
1736 M Street 3 2 1,272 $354,900 $279 47 days
100 Broadway Avenue N/A N/A N/A $351,950 Unknown 84 days
275 15th Street 2 2 1,521 $250,000 $164 118 days
125 Top Notch Trail N/A N/A N/A $225,000 Unknown 187 days
12th Street N/A N/A N/A $189,900 Unknown 117 days
1635 14th Street N/A N/A N/A $160,000 Unknown 17 days
TBD 11th Street N/A N/A N/A $150,000 Unknown 24 days
796 3rd Street 4 2 1,848 $139,900 $75 91 days
00 Hwy 50 N/A N/A N/A $129,000 Unknown 203 days
5404 CR 123 N/A N/A N/A $110,000 Unknown 6 days
725 Van Egmond Drive N/A N/A N/A $110,000 Unknown 13 days
0000 Rimrock Terrace N/A N/A N/A $110,000 Unknown 169 days
LOT 45 Lakeview Lane N/A N/A N/A $105,000 Unknown 400 days
LOT 44 Lakeview Lane N/A N/A N/A $105,000 Unknown 400 days
TBD Sherrill Drive N/A N/A N/A $70,000 Unknown 255 days
Average: 3.5 2.7 2,623 $276,540 $208 228 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
577 Q Street 3 2 1,965 $490,000 $249 76 days
325 8th Street 3 2 1,634 $399,000 $244 22 days
520 J Street 3 2 1,578 $399,000 $252 90 days
115 Garden Drive 4 2 2,140 $285,000 $133 36 days
Average: 3.3 2.0 1,829 $393,250 $219 56 days
Viewing 1 - 4 of 4
Viewing 1 - 4 of 4
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
105 Top Notch Trail 4 3 3,468 $619,000 $608,130 $175 98 days 9/13/21
445 G Street 3 3 2,175 $589,000 $575,000 $264 102 days 6/18/21
151 Top Notch Trail 3 2 2,458 $548,150 $548,150 $223 36 days 8/18/21
1400 K Street 3 2 2,950 $549,900 $539,000 $182 80 days 8/5/21
49 Pleasure Trail 5 3 3,181 $539,900 $525,000 $165 101 days 9/30/21
1194 Rimrock Terrace 3 5 2,525 $620,000 $510,000 $201 26 days 6/30/21
647 Broadway Avenue 5 4 2,640 $495,000 $498,000 $188 40 days 9/1/21
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
754 Q Street 4 3 2,198 $465,000 $470,000 $213 43 days 8/3/21
1142 L Street 3 2 2,126 $449,800 $449,800 $211 55 days 9/2/21
1587 Q Street 5 3 4,112 $457,000 $446,000 $108 49 days 9/30/21
710 N Street 3 2 1,912 $435,000 $435,000 $227 45 days 6/24/21
890 6th Street 3 2 1,492 $500,000 $420,000 $281 85 days 7/29/21
819 5th Street 4 2 2,280 $399,000 $399,000 $175 66 days 10/22/21
5090 CR 132 N/A N/A N/A $375,000 $375,000 Unknown 125 days 11/17/21
785 B Street 2 1 1,260 $395,000 $375,000 $297 124 days 9/29/21
1302 R Street 3 2 1,280 $399,900 $365,000 $285 57 days 6/29/21
1061 Fremont Street 3 2 1,296 $344,000 $342,000 $263 40 days 10/5/21
350 8th Street 4 1 1,748 $325,000 $325,000 $185 58 days 8/18/21
Average: 3.2 2.3 1,920 $268,424 $262,544 $204 100 days
Viewing 1 - 20 of 53
Viewing 1 - 20 of 53