ZIP 80903 Housing Market Update (Feb. 24, 2026): inventory steady, rates ease, pricing measures diverge
80903 – February 24, 2026 – Mixed signals: Zillow values down YoY, but recent sales show higher medians. Inventory ~70–76 listings; rates 6.01%.
ZIP 80903 (Colorado Springs, CO) is showing steady inventory and a slower, more negotiable pace, even as lower mortgage rates are helping some buyers re-enter the market.
Top takeaways
- Inventory is steady: major portals show roughly 70–76 active listings in the ZIP.
- Pricing depends on the yardstick: Zillow’s typical value for 80903 is $372,711 (data through Jan. 31, 2026), while recent closed-sale medians on other dashboards are higher.
- Rates moved down: Freddie Mac’s weekly 30-year fixed average was 6.01% as of Feb. 19, 2026.
Market snapshot
Zillow (values & supply): Typical home value $372,711 (down 3.1% YoY). Zillow’s late-January snapshot also showed about 72 homes for sale and a $424,500 median list price.
Realtor.com (sales & rentals): Median home sale price around $426,750, about 76 for-sale listings, and roughly 90 days on market in its ZIP dashboard. The same view put median rent at $1,797/month.
Redfin (recent closed sales): Redfin reported a $503K median sale price ‘last month’ for 80903, with homes selling in about 71 days on average and many going pending below list. Different time windows and a changing mix of condos vs. detached homes can make these headline numbers diverge.
Development & zoning quick note
If you’re looking at a property with plans for an ADU, conversion, or addition, use the City of Colorado Springs Planning Department tools to check zoning basics and track active development applications before you commit.
What’s for sale nearby (themes, not addresses)
- Downtown condos for buyers prioritizing walkability and low maintenance.
- Older single-family homes where ‘systems’ (roof, sewer line, electrical) can be the swing factor in inspection negotiations.
- Potential income setups (duplex-style layouts or ADU-ready lots) for buyers trying to offset the payment.
Sources
- https://www.zillow.com/home-values/93581/colorado-springs-co-80903/
- https://www.redfin.com/zipcode/80903/housing-market
- https://www.realtor.com/local/market/colorado/zipcode-80903
- https://www.realtor.com/realestateandhomes-search/80903
- https://www.freddiemac.com/pmms
- https://coloradosprings.gov/planning
Locals: are you seeing more sellers willing to negotiate on repairs and credits in 80903, or are the best homes still moving fast?