Home Values

Monument Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$390,100

  • 4.3% 1-year change
  • 2.5% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Monument is $390,100. Monument home values have gone up 4.3% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in Monument is $126, which is higher than the Colorado Springs Metro average of $119. The median price of homes currently listed in Monument is $430,000 while the median price of homes that sold is $334,250.

Foreclosures will be a factor impacting home values in the next several years. In Monument 1.2 homes are foreclosed (per 10,000). This is lower than the Colorado Springs Metro value of 3.9 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Monument is 1.6%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Monument homeowners underwater on their mortgage is 11.4%, which is lower than Colorado Springs Metro at 17.9%.

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Relative ZHVI
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Monument Market Overview

Data through Jan 31, 2015
  • $390,100 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $430,000 Median listing price
  • $334,250 Median sale price
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Monument Market Health

Data through Jan 31, 2015
  • 8.5/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 11.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.2 homes Monument
3.9 homes Colorado Springs Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Larkspur $501,600
Black Forest $417,200
Gleneagle $326,000
Name Median ZHVI
Manitou Springs $307,000
Woodland Park $249,800
Palmer Lake $222,300
Name Median ZHVI
Divide $218,900
Colorado Springs $211,300
Cimarron Hills $174,900

Listings & Sales

Data through Jan 31, 2015
  • $126 Median list price / sq ft
  • $119 Median sale price / sq ft
  • No data Listings with price cut
28.1%
Sold below listing
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Monument Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,017 Monument
    $1,319 Colorado Springs Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.68 Rent list price / sq ft
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