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
+10.1%
5-year appreciation
about 1.9%/yr
-4.7
points vs market (5yr)
+102.3%
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 8 of 10
Under Contract
Price Drop - $8,000 off
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MLS #: 9887373 More Details →
4571 Sunnyhill Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/4
Garage: 1.0
List Price: $387,000 $379,000
DOM: 74
Taxes: $1,433/yr
Year Built: 1984
Listed By: Opendoor Brokerage LLC
List Price $379,000
Est. Monthly Cost* $2,890.89
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MLS #: 8572259 More Details →
4365 Halstead Circle, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/2
Garage: 2.0
List Price: $379,900
DOM: 0
Taxes: $1,264/yr
Year Built: 1983
Listed By: Exp Realty LLC
List Price $379,900
Est. Monthly Cost* $2,882.82
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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: 0
Taxes: $2,647/yr
Year Built: 2022
Listed By: The Cutting Edge
List Price $380,000
Est. Monthly Cost* $2,998.70
Price Drop - $49,000 off
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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: 130
Taxes: $1,328/yr
Year Built: 2002
Listed By: United Real Estate Prestige Denver
List Price $380,000
Est. Monthly Cost* $2,888.78
Price Drop - $5,000 off
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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 - $37,000 off
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MLS #: 5530612 More Details →
1014 Petra Heights, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 3/3
Garage: 2.0
List Price: $426,000 $389,000
DOM: 76
Taxes: $2,457/yr
Year Built: 2021
Listed By: Exp Realty LLC
List Price $389,000
Est. Monthly Cost* $3,042.77
Under Contract
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MLS #: 2066042 More Details →
4323 Eastcrest Circle, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 6/3
Garage: 2.0
List Price: $389,900
DOM: 37
Taxes: $1,271/yr
Year Built: 1981
Listed By: Keller Williams Trilogy
List Price $389,900
Est. Monthly Cost* $2,949.93
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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
DOM: 0
Taxes: $1,431/yr
Year Built: 1978
Listed By: EveryState Inc.
List Price $390,000
Est. Monthly Cost* $2,963.90
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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
DOM: 28
Taxes: $1,351/yr
Year Built: 1972
Listed By: Looking Home
List Price $395,000
Est. Monthly Cost* $2,990.57
Price Drop - $2,200 off
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MLS #: 7761111 More Details →
3375 Simmelink Loop, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $398,893 $396,693
DOM: 49
Taxes: $1,222/yr
Year Built: 1985
Listed By: Quantum Residential Group, LLC
List Price $396,693
Est. Monthly Cost* $2,991.00
Price Drop - $12,300 off
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MLS #: 9733590 More Details →
4260 Daylilly Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/4
Garage: 2.0
List Price: $410,000 $397,700
DOM: 29
Taxes: $1,430/yr
Year Built: 1997
Listed By: EveryState Inc.
List Price $397,700
Est. Monthly Cost* $3,015.08
Price Drop - $18,000 off
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MLS #: 6975722 More Details →
4844 Sea Eagle Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/3
Garage: 2.0
List Price: $416,000 $398,000
DOM: 54
Taxes: $1,476/yr
Year Built: 2001
Listed By: HomeSmart
List Price $398,000
Est. Monthly Cost* $3,020.92
Price Drop - $29,500 off
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MLS #: 7481933 More Details →
256 Murray Boulevard, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 4/2
Garage: 2.0
List Price: $428,000 $398,500
DOM: 68
Taxes: $1,286/yr
Year Built: 1969
Listed By: Walston Group Real Estate, Inc
List Price $398,500
Est. Monthly Cost* $3,008.41
Price Drop - $19,000 off
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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 $399,000
DOM: 11
Taxes: $1,195/yr
Year Built: 1981
Listed By: The Resource Group
List Price $399,000
Est. Monthly Cost* $3,004.17
Price Drop - $16,000 off
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MLS #: 7094450 More Details →
2210 Farnsworth Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 6/3
Garage: 2.0
List Price: $415,000 $399,000
DOM: 60
Taxes: $1,292/yr
Year Built: 1978
Listed By: REMAX PROPERTIES
List Price $399,000
Est. Monthly Cost* $3,012.25
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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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