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PENROSE, CO 81240

Real Estate Market Report  ·  Fremont County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PENROSE, CO real estate market (81240) currently shows 43 active listings, with 6 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61 days on market compared to 56 days last year.

The median listing price has fallen 8.4% year-over-year, from $525,500 to $481,250.

Whether you are buying or selling in PENROSE, CO, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,386  ·  Density: 12.2/mi²  ·  Median household income: $81,583

Typical home value: $292,622  ·  Homeownership: 85.3%

Market Overview

Active Listings
43
⇧ 19.4% vs 36 last year
Pending
6
14% pending ratio
Median Price
$481,250
⇩ 8.4% vs $525,500 last year
Average Price
$561,221
⇩ 2.2% vs $573,607 last year
Days on Market
61
⇧ 8.9% vs 56 days last year

Price Per Square Foot

Median $/sqft
$263
⇧ 3.1% vs $255/sqft last year
Median Home Size
2,018 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 36 last year
  • Days on market: 61 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $481,250 (-8.4% YoY)
  • Average: $561,221 (-2.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.0 miles — 1,675 listings ($712,777,666 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
81240Penrose, CO 812400.0 mi35$19,678,050$463,675$562,230
80926Colorado Springs, CO 8092611.5 mi13$12,803,700$890,000$984,900
81226Florence, CO 8122612.8 mi59$29,479,527$366,925$499,653
81007Pueblo, CO 8100716.5 mi333$160,538,634$439,475$482,098
80817Fountain, CO 8081720.1 mi173$79,525,851$419,950$459,687
81212Canon City, CO 8121221.5 mi206$94,342,438$386,950$457,973
81005Pueblo, CO 8100522.3 mi203$74,118,751$339,925$365,117
80911Colorado Springs, CO 8091124.3 mi153$60,802,506$395,250$397,402
81008Pueblo, CO 8100824.5 mi95$35,172,990$364,500$370,242
81003Pueblo, CO 8100325.4 mi90$24,017,310$233,200$266,859
80903Colorado Springs, CO 8090325.8 mi58$31,922,678$452,500$550,391
80916Colorado Springs, CO 8091627.1 mi145$46,803,535$332,500$322,783
80909Colorado Springs, CO 8090928.0 mi112$43,571,696$394,225$389,033

Frequently Asked Questions

How many homes are for sale in PENROSE, CO 81240?

As of March 2026, there are 43 active listings in PENROSE, CO (zip code 81240), compared to 36 the prior year.

What is the median home price in PENROSE, CO 81240?

The median listing price in PENROSE, CO 81240 is $481,250 as of March 2026, a 8.4% decrease from $525,500 the prior year.

How long do homes stay on the market in PENROSE, CO?

Homes in PENROSE, CO 81240 spend an average of 61 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in PENROSE, CO 81240?

Based on current inventory and days-on-market data as of March 2026, PENROSE, CO 81240 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 61 days on market compared to 56 days last year.

How much can I save on real estate commission in PENROSE, CO?

With SELL123.com's maximum 3% commission, sellers in PENROSE, CO 81240 save an estimated $9,625 compared to a typical 5% commission on the median listing price of $481,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.