Is Penrose, CO 81240 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Penrose is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score16/ 100

More competitive than 9% of U.S. ZIP codes, and #222 of 248 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown

Months of supply5.9Under 4 months = seller’s market

Sold above original list7.1%Share of sales, last 3 months

Median sale-to-list96.6%Sold price ÷ list price

Median days on market74Listing to accepted offer

Median price per sq ft$244▲ +10.7% vs. last year

Run the numbers for 81240

Prefilled for 81240Can I win this house?Multiple-offer likelihood for a listing Prefilled for 81240Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Canon City 81212Balanced $226 /sq ft Coal Creek 81221Seller’s market $150 /sq ft Cotopaxi 81223Buyer’s market $355 /sq ft Florence 81226Buyer’s market $224 /sq ft Browse all markets →

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More tools for 81240

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology