Is 80916 a buyer or seller market?
Right now, 80916 (South Powers & Hancock) is a balanced market.
53%
of listings sell (vs expire)
97.8%
sold vs original list
48.9%
got a seller concession
Based on 19 closed and 17 failed listings, trailing 90 days. Full demand and concessions data.

How 80916 holds value

Compare all zips →
3.95%
of homes sold last year (turnover)
-1.6%
1-year appreciation
+7.7%
5-year appreciation
about 1.5%/yr
-5.7
points vs market (5yr)
+100.0%
10-year appreciation
about 7.2%/yr
2006 · $149,000 shaded: 2020 to 2022 surge 2026 · $346,750
Turnover = homes sold in the last 12 months vs the count of homes in 80916 (El Paso County assessor). Appreciation is the change in median sale price. Most of the multi-year gain came in the 2020 to 2022 surge (shaded) and has been roughly flat since, so the per-year rate is the steadier read. "Points vs market" is this zip's five-year appreciation minus the market-wide figure: positive means it beat the market, negative means it lagged. Source: Rob Thompson, Realtor, Iconic Colorado Properties.

Homes for Sale in 80916 - South Powers & Hancock

99 + 32 Active + Under Contract
$317,226 Avg List Price
71 Avg Days on Market
$84,000 Lowest Price
$500,000 Highest Price

Closed Sales - Last 30 Days

19 Sold
$285,095 Avg Close Price
95.6% Avg Close-to-Original List
97.8% Median Close-to-Original List

Market Comparison

$342,000 Area Median Price
28.0% below regional median vs Regional Median ($475,000)

Month-over-Month Trends

+0.5% Avg List Price
↓ -3.5 Avg DOM
-0.5% CPOLP

Showing active residential listings in zip code 80916. Updated every 15 minutes from the elevateMLS.

Get Alerts for 80916

Market Breakdown

Price Distribution

Under $300K
38 (38.4%)
$300K - $450K
57 (57.6%)
$450K - $600K
4 (4.0%)
$600K+
0 (0.0%)

Property Types

Single Family
59 (59.6%)
Townhouse
22 (22.2%)
Condo
18 (18.2%)

Bedrooms

25
2 bd
54
3 bd
13
4 bd
6
5 bd
1
6+ bd
131 results · Page 7 of 9
2544 Prescott Circle
MLS #: 5189603 More Details →
2544 Prescott Circle, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $375,000
DOM: 32
Taxes: $1,280/yr
Year Built: 1979
Listed By: West and Main Homes
List Price $375,000
Est. Monthly Cost* $2,851.58
4515 London Lane
MLS #: 3974526 More Details →
4515 London Lane, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $375,000
DOM: 0
Taxes: $1,286/yr
Year Built: 1972
Listed By: Stone Gable Realty
List Price $375,000
Est. Monthly Cost* $2,852.05
4105 London Lane
MLS #: 8143373 More Details →
4105 London Lane, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 4/2
Garage: 0
List Price: $375,000
DOM: 28
Taxes: $1,201/yr
Year Built: 1971
Listed By: HomeSmart
List Price $375,000
Est. Monthly Cost* $2,844.97
★ Assumable loan near 2.25%: about $1,784/mo at that rate (illustrative, verify the balance with the lender)
Under Contract
Price Drop - $24,000 off
4450 Wordsworth Circle
MLS #: 7261175 More Details →
4450 Wordsworth Circle, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 4/2
Garage: 2.0
List Price: $399,000 $375,000
DOM: 140
Taxes: $957/yr
Year Built: 1973
Listed By: The Warner Group
List Price $375,000
Est. Monthly Cost* $2,824.60
Price Drop - $11,700 off
4937 Dewar Drive
MLS #: 4448770 More Details →
4937 Dewar Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 4/3
Garage: 2.0
List Price: $390,000 $378,300
DOM: 33
Taxes: $1,431/yr
Year Built: 1978
Listed By: EveryState Inc.
List Price $378,300
Est. Monthly Cost* $2,886.06
Price Drop - $16,000 off
1423 Keith Drive
MLS #: 8187700 More Details →
1423 Keith Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 4/2
Garage: 1.0
List Price: $395,000 $379,000
DOM: 70
Taxes: $1,351/yr
Year Built: 1972
Listed By: Looking Home
List Price $379,000
Est. Monthly Cost* $2,884.12
Price Drop - $47,000 off
1014 Petra Heights
MLS #: 5530612 More Details →
1014 Petra Heights, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 3/3
Garage: 2.0
List Price: $426,000 $379,000
DOM: 98
Taxes: $2,457/yr
Year Built: 2021
Listed By: Exp Realty LLC
List Price $379,000
Est. Monthly Cost* $2,976.24
Price Drop - $30,100 off
2496 Sierra Springs Drive
MLS #: 6021521 More Details →
2496 Sierra Springs Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/3
Garage: 2.0
List Price: $410,000 $379,900
DOM: 44
Taxes: $1,363/yr
Year Built: 2010
Listed By: One Stop Realty, LLC
List Price $379,900
Est. Monthly Cost* $2,891.03
Price Drop - $49,000 off
4660 Skylark Road
MLS #: 8920008 More Details →
4660 Skylark Road, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/3
Garage: 3.0
List Price: $429,000 $380,000
DOM: 148
Taxes: $1,328/yr
Year Built: 2002
Listed By: United Real Estate Prestige Denver
List Price $380,000
Est. Monthly Cost* $2,888.78
3469 Monica Drive
MLS #: 9438615 More Details →
3469 Monica Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 4/3
Garage: 1.0
List Price: $380,000
DOM: 9
Taxes: $1,337/yr
Year Built: 1983
Listed By: Keller Williams Premier Realty
List Price $380,000
Est. Monthly Cost* $2,889.55
628 Prairie Star Circle
MLS #: 5782046 More Details →
628 Prairie Star Circle, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/3
Garage: 2.0
List Price: $380,000
DOM: 10
Taxes: $1,425/yr
Year Built: 1999
Listed By: Quest Real Estate Partners
List Price $380,000
Est. Monthly Cost* $2,896.90
Under Contract
4511 Samaritan Loop
MLS #: 3828427 More Details →
4511 Samaritan Loop, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/3
Garage: 1.0
List Price: $380,000
DOM: 35
Taxes: $2,647/yr
Year Built: 2022
Listed By: The Cutting Edge
List Price $380,000
Est. Monthly Cost* $2,998.70
Price Drop - $5,000 off
4471 Samaritan Loop
MLS #: 1467366 More Details →
4471 Samaritan Loop, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/3
Garage: 2.0
List Price: $390,000 $385,000
DOM: 136
Taxes: $3,057/yr
Year Built: 2022
Listed By: Epique Realty
List Price $385,000
Est. Monthly Cost* $3,066.20
Price Drop - $40,500 off
4070 Jet Wing Place
MLS #: 9389978 More Details →
4070 Jet Wing Place, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 5/2
Garage: 1.0
List Price: $430,000 $389,500
DOM: 76
Taxes: $1,269/yr
Year Built: 1972
Listed By: The Cutting Edge
List Price $389,500
Est. Monthly Cost* $2,947.09
Price Drop - $28,500 off
4506 Lancaster Drive
MLS #: 2805393 More Details →
4506 Lancaster Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/2
Garage: 2.0
List Price: $418,000 $389,500
DOM: 42
Taxes: $1,195/yr
Year Built: 1981
Listed By: The Resource Group
List Price $389,500
Est. Monthly Cost* $2,940.97
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About 80916 - South Powers & Hancock

South Powers and Hancock — south-southeast Colorado Springs covering a wide area from Academy Blvd east to Powers. One of the most affordable zips in the city with a mix of established neighborhoods and newer construction. Harrison D2 schools. Strong demand from first-time buyers and investors.

Zip code 80916 in Colorado Springs currently has 99 active residential listings ranging from $84,000 to $500,000, with an average list price of $317,226. Homes in this area average 71 days on market. In the last 30 days, 19 homes sold in 80916 at an average close price of $285,095, with buyers paying an average of 95.6% of the original asking price. Estimated monthly payments at 7.0% interest range from approximately $2,621 to $3,688 including taxes and insurance.

Nearby Zip Codes

80910 - Southeast Colorado Springs 80911 - Widefield & Security 80925 - Lorson Ranch & Schriever 80914 - Cimarron Hills

School districts serving 80916: Colorado Springs 11, Harrison-2

Looking for a home in 80916? Contact Rob Thompson at 719.440.6626 for a personalized home search or visit our monthly payment search to find homes that fit your budget. You can also browse by budget: under $1,500/mo, under $2,000/mo, under $2,500/mo, or under $3,000/mo.

The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS. Estimated monthly costs assume 7.0% APR, 30-year fixed, $3,000/yr insurance, and actual taxes. This is not an offer to lend.

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