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PENROSE, CO 81240

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

Market Overview

Active Listings
35
⇧ 16.7% vs 30 last year
Pending
7
20% pending ratio
Median Price
$490,000
⇩ 9% vs $538,250 last year
Average Price
$580,430
vs $580,305 last year
Days on Market
118
⇧ 32.6% vs 89 days last year

Market Context

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

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

Market Analysis

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

The PENROSE, CO real estate market (81240) currently shows 35 active listings, with 7 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 118 days on market compared to 89 days last year.

The median listing price has fallen 9% year-over-year, from $538,250 to $490,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 35 this year vs 30 last year
  • Days on market: 118 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $490,000 (-9% YoY)
  • Average: $580,430 (+0% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.0 miles — 1,562 listings ($663,076,504 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
81240Penrose, CO 812400.0 mi35$20,315,050$490,000$580,430
80926Colorado Springs, CO 8092611.5 mi11$10,129,900$862,500$920,900
81226Florence, CO 8122612.8 mi57$27,016,518$359,950$473,974
81007Pueblo, CO 8100716.5 mi299$144,698,658$439,500$483,942
80817Fountain, CO 8081720.1 mi161$71,187,277$420,000$442,157
81212Canon City, CO 8121221.5 mi199$95,863,872$392,225$481,728
81005Pueblo, CO 8100522.3 mi179$64,689,347$335,500$361,393
80911Colorado Springs, CO 8091124.3 mi150$57,737,550$379,000$384,917
81008Pueblo, CO 8100824.5 mi87$33,040,947$365,000$379,781
81003Pueblo, CO 8100325.4 mi84$21,626,220$232,500$257,455
80903Colorado Springs, CO 8090325.8 mi59$30,183,633$410,000$511,587
80916Colorado Springs, CO 8091627.1 mi134$44,735,766$350,000$333,849
80909Colorado Springs, CO 8090928.0 mi107$41,851,766$390,000$391,138

Frequently Asked Questions

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

As of January 2026, there are 35 active listings in PENROSE, CO (zip code 81240), compared to 30 the prior year.

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

The median listing price in PENROSE, CO 81240 is $490,000 as of January 2026, a 9% decrease from $538,250 the prior year.

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

Homes in PENROSE, CO 81240 spend an average of 118 days on the market before going under contract, compared to 89 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 January 2026, PENROSE, CO 81240 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 118 days on market compared to 89 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 $9,800 compared to a typical 5% commission on the median listing price of $490,000. 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.