How 80938 holds value

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3.85%
of homes sold last year (turnover)
-4.4%
1-year appreciation
+14.0%
5-year appreciation
about 2.7%/yr
-0.8
points vs market (5yr)
2009 · $110,190 shaded: 2020 to 2022 surge 2026 · $455,000
Turnover = homes sold in the last 12 months vs the count of homes in 80938 (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 80938 - Banning Lewis Ranch East

7 Active
$476,000 Avg List Price
72 Avg Days on Market
$440,000 Lowest Price
$530,000 Highest Price

Closed Sales - Last 30 Days

2 Sold
$422,500 Avg Close Price
100.1% Avg Close-to-Original List
100.1% Median Close-to-Original List

Market Comparison

$469,000 Area Median Price
1.3% below regional median vs Regional Median ($475,000)

Month-over-Month Trends

↑ +0.6% Avg List Price
↑ +20.6 Avg DOM
↑ +2.4% CPOLP

Showing active residential listings in zip code 80938. Updated every 15 minutes from the elevateMLS.

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Market Breakdown

Price Distribution

Under $300K
0 (0.0%)
$300K - $450K
1 (14.3%)
$450K - $600K
6 (85.7%)
$600K+
0 (0.0%)

Property Types

Single Family
6 (85.7%)
Patio Home
1 (14.3%)

Bedrooms

6
3 bd
1
4 bd
7 results
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MLS #: 5271399 More Details →
4349 Kaolin Court, Colorado Springs
Type: Single Family
Zip: 80938
Beds/Baths: 3/3
Garage: 2.0
List Price: $440,000
DOM: 115
Taxes: $1,546/yr
Year Built: 2020
Listed By: The Cutting Edge
List Price $440,000
Est. Monthly Cost* $3,306.15
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MLS #: 5942448 More Details →
4418 Quartzite Place, Colorado Springs
Type: Patio Home
Zip: 80938
Beds/Baths: 3/3
Garage: 2.0
List Price: $450,000
DOM: 98
Taxes: $3,186/yr
Year Built: 2020
Listed By: Quest Real Estate Partners
List Price $450,000
Est. Monthly Cost* $3,509.36
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MLS #: 4464108 More Details →
4608 Gneiss Loop, Colorado Springs
Type: Single Family
Zip: 80938
Beds/Baths: 3/3
Garage: 2.0
List Price: $459,000
DOM: 37
Taxes: $2,861/yr
Year Built: 2020
Listed By: REMAX PROPERTIES
List Price $459,000
Est. Monthly Cost* $3,542.15
Price Drop - $21,000 off
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MLS #: 6810903 More Details →
4652 Amazonite Drive, Colorado Springs
Type: Single Family
Zip: 80938
Beds/Baths: 3/3
Garage: 2.0
List Price: $490,000 $469,000
DOM: 72
Taxes: $3,272/yr
Year Built: 2022
Listed By: Colorado Homes CO
List Price $469,000
Est. Monthly Cost* $3,642.95
Price Drop - $24,900 off
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MLS #: 8013601 More Details →
8172 Basaltic Drive, Colorado Springs
Type: Single Family
Zip: 80938
Beds/Baths: 3/3
Garage: 2.0
List Price: $514,900 $490,000
DOM: 134
Taxes: $3,090/yr
Year Built: 2020
Listed By: Manchester Properties, LLC
List Price $490,000
Est. Monthly Cost* $3,767.52
Price Drop - $31,000 off
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MLS #: 2666785 More Details →
4482 Prairie Agate Drive, Colorado Springs
Type: Single Family
Zip: 80938
Beds/Baths: 4/3
Garage: 3.0
List Price: $525,000 $494,000
DOM: 35
Taxes: $3,459/yr
Year Built: 2019
Listed By: LIV Sotheby's International Realty CO Springs
List Price $494,000
Est. Monthly Cost* $3,824.88
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MLS #: 8859540 More Details →
8184 Basaltic Drive, Colorado Springs
Type: Single Family
Zip: 80938
Beds/Baths: 3/3
Garage: 2.0
List Price: $530,000
DOM: 15
Taxes: $3,534/yr
Year Built: 2020
Listed By: The Cutting Edge
List Price $530,000
Est. Monthly Cost* $4,070.60

About 80938 - Banning Lewis Ranch East

Banning Lewis Ranch East — the eastern extension of the Banning Lewis master-planned community. One of the city's largest development areas with ongoing new construction, parks, and commercial growth. D49 schools. Affordable newer homes attract first-time buyers and families moving from out of state.

Zip code 80938 in Colorado Springs currently has 7 active residential listings ranging from $440,000 to $530,000, with an average list price of $476,000. Homes in this area average 72 days on market. In the last 30 days, 2 homes sold in 80938 at an average close price of $422,500, with buyers paying an average of 100.1% of the original asking price. Estimated monthly payments at 7.0% interest range from approximately $3,768 to $3,825 including taxes and insurance.

Nearby Zip Codes

80922 - Banning Lewis Ranch & Stetson Hills 80927 - North Powers & Marksheffel 80939 - North Marksheffel

School districts serving 80938: District 49

Looking for a home in 80938? 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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