Is 80916 a buyer or seller market?
Right now, 80916 (South Powers & Hancock) is a balanced market.
67%
of listings sell (vs expire)
98.2%
sold vs original list
57.9%
got a seller concession
Based on 37 closed and 18 failed listings, trailing 90 days. Full demand and concessions data.

How 80916 holds value

Compare all zips →
3.94%
of homes sold last year (turnover)
-2.8%
1-year appreciation
+10.4%
5-year appreciation
about 2.0%/yr
-4.4
points vs market (5yr)
+102.8%
10-year appreciation
about 7.3%/yr
2006 · $149,000 shaded: 2020 to 2022 surge 2026 · $350,000
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

117 + 30 Active + Under Contract
$321,819 Avg List Price
69 Avg Days on Market
$94,000 Lowest Price
$500,000 Highest Price

Closed Sales - Last 30 Days

37 Sold
$331,909 Avg Close Price
97.3% Avg Close-to-Original List
98.2% Median Close-to-Original List

Market Comparison

$330,000 Area Median Price
30.5% below regional median vs Regional Median ($475,000)

Month-over-Month Trends

↓ -2.1% Avg List Price
↑ +10.1 Avg DOM
+0.3% 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
45 (38.5%)
$300K - $450K
67 (57.3%)
$450K - $600K
5 (4.3%)
$600K+
0 (0.0%)

Property Types

Single Family
68 (58.1%)
Townhouse
28 (23.9%)
Condo
21 (17.9%)

Bedrooms

26
2 bd
64
3 bd
18
4 bd
8
5 bd
1
6+ bd
147 results · Page 2 of 10
Under Contract
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MLS #: 1411531 More Details →
160 Ellers Grove, Colorado Springs
Type: Condo
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $204,500
DOM: 14
Taxes: $960/yr
Year Built: 2003
Listed By: Quest Real Estate Partners
List Price $204,500
Est. Monthly Cost* $1,690.54
Price Drop - $9,001 off
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MLS #: 9355655 More Details →
40 Murray Heights Drive, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 2/2
Garage: 2.0
List Price: $214,000 $204,999
DOM: 33
Taxes: $539/yr
Year Built: 1983
Listed By: Coldwell Banker Realty
List Price $204,999
Est. Monthly Cost* $1,658.76
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MLS #: 8043601 More Details →
3075 Starlight Circle, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 2/2
Garage: 1.0
List Price: $205,000
DOM: 2
Taxes: $814/yr
Year Built: 1984
Listed By: Muldoon Associates Inc
List Price $205,000
Est. Monthly Cost* $1,681.70
Price Drop - $5,000 off
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MLS #: 5550887 More Details →
524 Shady Crest Circle, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 2/2
Garage: 1.0
List Price: $210,000 $205,000
DOM: 123
Taxes: $691/yr
Year Built: 1985
Listed By: Pink Realty Inc
List Price $205,000
Est. Monthly Cost* $1,671.47
Under Contract
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MLS #: 5145319 More Details →
3487 Springnite Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 4/2
Garage: 1.0
List Price: $209,900
DOM: 38
Taxes: $1,247/yr
Year Built: 1972
Listed By: Muldoon Associates Inc
List Price $209,900
Est. Monthly Cost* $1,750.41
Price Drop - $15,000 off
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MLS #: 6290967 More Details →
4960 Universal Heights, Colorado Springs
Type: Condo
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $225,000 $210,000
DOM: 29
Taxes: $932/yr
Year Built: 2000
Listed By: Solid Rock Realty
List Price $210,000
Est. Monthly Cost* $1,724.79
Price Drop - $16,600 off
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MLS #: 7224336 More Details →
4341 Charleston Drive, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 2/1
Garage: 1.0
List Price: $226,600 $210,000
DOM: 92
Taxes: $542/yr
Year Built: 1985
Listed By: Exp Realty LLC
List Price $210,000
Est. Monthly Cost* $1,692.29
Price Drop - $12,000 off
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MLS #: 9149897 More Details →
1205 Firefly Circle, Colorado Springs
Type: Condo
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $230,000 $218,000
DOM: 70
Taxes: $1,007/yr
Year Built: 1985
Listed By: Exp Realty LLC
List Price $218,000
Est. Monthly Cost* $1,784.28
Price Drop - $40,000 off
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MLS #: 6986193 More Details →
4304 Hunting Meadows Circle, Colorado Springs
Type: Condo
Zip: 80916
Beds/Baths: 3/3
Garage: 1.0
List Price: $260,000 $220,000
DOM: 197
Taxes: $726/yr
Year Built: 1986
Listed By: Keller Williams Partners
List Price $220,000
Est. Monthly Cost* $1,774.19
Price Drop - $14,066 off
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MLS #: 9640072 More Details →
1303 Firefly Circle, Colorado Springs
Type: Condo
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $238,000 $223,934
DOM: 84
Taxes: $942/yr
Year Built: 1985
Listed By: Berkshire Hathaway HomeServices Synergy Realty Group
List Price $223,934
Est. Monthly Cost* $1,818.33
Price Drop - $5,000 off
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MLS #: 5217599 More Details →
4545 Lamplighter Circle, Colorado Springs
Type: Condo
Zip: 80916
Beds/Baths: 2/2
Garage: 2.0
List Price: $230,000 $225,000
DOM: 131
Taxes: $557/yr
Year Built: 1984
Listed By: LPT Realty LLC
List Price $225,000
Est. Monthly Cost* $1,793.37
Price Drop - $30,000 off
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MLS #: 4352652 More Details →
4806 Rusty Nail Point, Colorado Springs
Type: Condo
Zip: 80916
Beds/Baths: 3/2
Garage: 2.0
List Price: $255,000 $225,000
DOM: 8
Taxes: $976/yr
Year Built: 2006
Listed By: Minks Real Estate Team
List Price $225,000
Est. Monthly Cost* $1,828.26
Price Drop - $35,000 off
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MLS #: 2603781 More Details →
3429 Kingfisher Nest Grove, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 2/2
Garage: 2.0
List Price: $264,000 $229,000
DOM: 62
Taxes: $1,066/yr
Year Built: 2010
Listed By: Muldoon Associates Inc
List Price $229,000
Est. Monthly Cost* $1,862.38
Price Drop - $30,400 off
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MLS #: 6387851 More Details →
4975 Universal Heights, Colorado Springs
Type: Condo
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $259,900 $229,500
DOM: 93
Taxes: $691/yr
Year Built: 2000
Listed By: The Platinum Group
List Price $229,500
Est. Monthly Cost* $1,834.45
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MLS #: 7182976 More Details →
30 Murray Heights Drive, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 2/2
Garage: 2.0
List Price: $230,000
DOM: 5
Taxes: $539/yr
Year Built: 1983
Listed By: Keller Williams Clients Choice Realty
List Price $230,000
Est. Monthly Cost* $1,825.09
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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 117 active residential listings ranging from $94,000 to $500,000, with an average list price of $321,819. Homes in this area average 69 days on market. In the last 30 days, 37 homes sold in 80916 at an average close price of $331,909, with buyers paying an average of 97.3% of the original asking price. Estimated monthly payments at 7.0% interest range from approximately $2,750 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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