Is 80916 a buyer or seller market?
Right now, 80916 (South Powers & Hancock) is a balanced market.
68%
of listings sell (vs expire)
97.5%
sold vs original list
56.9%
got a seller concession
Based on 34 closed and 16 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)
-2.8%
1-year appreciation
+9.4%
5-year appreciation
about 1.8%/yr
-5.1
points vs market (5yr)
+101.1%
10-year appreciation
about 7.2%/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

111 + 36 Active + Under Contract
$322,751 Avg List Price
66 Avg Days on Market
$130,000 Lowest Price
$500,000 Highest Price

Closed Sales - Last 30 Days

34 Sold
$333,680 Avg Close Price
96.8% Avg Close-to-Original List
97.5% 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
44 (39.6%)
$300K - $450K
63 (56.8%)
$450K - $600K
4 (3.6%)
$600K+
0 (0.0%)

Property Types

Single Family
65 (58.6%)
Townhouse
26 (23.4%)
Condo
20 (18.0%)

Bedrooms

26
2 bd
59
3 bd
17
4 bd
8
5 bd
1
6+ bd
147 results · Page 5 of 10
Price Drop - $15,000 off
2505 Gina Drive
MLS #: 9977334 More Details →
2505 Gina Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/1
Garage: 1.0
List Price: $315,000 $300,000
DOM: 19
Taxes: $1,137/yr
Year Built: 1972
Listed By: Solid Rock Realty
List Price $300,000
Est. Monthly Cost* $2,340.68
Under Contract
Price Drop - $50,000 off
4928 Joseph Drive
MLS #: 4514188 More Details →
4928 Joseph Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/1
Garage: 2.0
List Price: $350,000 $300,000
DOM: 134
Taxes: $1,173/yr
Year Built: 1983
Listed By: Farris Price
List Price $300,000
Est. Monthly Cost* $2,343.62
3389 Foxridge Drive
MLS #: 3359124 More Details →
3389 Foxridge Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/1
Garage: 2.0
List Price: $301,500
DOM: 18
Taxes: $1,216/yr
Year Built: 1982
Listed By: PCS Partners, LLC
List Price $301,500
Est. Monthly Cost* $2,357.20
Under Contract
Price Drop - $35,000 off
4075 Tiberias Point
MLS #: 3266583 More Details →
4075 Tiberias Point, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 2/3
Garage: 1.0
List Price: $340,000 $305,000
DOM: 58
Taxes: $1,534/yr
Year Built: 2022
Listed By: Exp Realty LLC
List Price $305,000
Est. Monthly Cost* $2,407.04
Under Contract
Price Drop - $79,900 off
4055 Tiberias Point
MLS #: 7031744 More Details →
4055 Tiberias Point, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 3/3
Garage: 2.0
List Price: $384,900 $305,000
DOM: 121
Taxes: $2,508/yr
Year Built: 2022
Listed By: Quest Real Estate Partners
List Price $305,000
Est. Monthly Cost* $2,488.20
2535 Gina Drive
MLS #: 2142228 More Details →
2535 Gina Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/1
Garage: 1.0
List Price: $309,000
DOM: 6
Taxes: $1,140/yr
Year Built: 1972
Listed By: RE/MAX Professionals, Inc.
List Price $309,000
Est. Monthly Cost* $2,400.77
Price Drop - $10,000 off
5134 Dovetail Lane
MLS #: 2234902 More Details →
5134 Dovetail Lane, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 4/4
Garage: 2.0
List Price: $320,000 $310,000
DOM: 7
Taxes: $1,167/yr
Year Built: 2003
Listed By: Red White and Blue Realty Group Inc
List Price $310,000
Est. Monthly Cost* $2,409.69
Price Drop - $38,901 off
5342 Canadian Rose View
MLS #: 5869623 More Details →
5342 Canadian Rose View, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 3/3
Garage: 1.0
List Price: $349,900 $310,999
DOM: 55
Taxes: $1,221/yr
Year Built: 2010
Listed By: Keller Williams Clients Choice Realty
List Price $310,999
Est. Monthly Cost* $2,420.80
Price Drop - $15,000 off
4032 Colony Hills Circle
MLS #: 2453992 More Details →
4032 Colony Hills Circle, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/2
Garage: 0
List Price: $335,000 $320,000
DOM: 34
Taxes: $1,156/yr
Year Built: 1970
Listed By: Exp Realty LLC
List Price $320,000
Est. Monthly Cost* $2,475.27
3453 Shrikes Tail Heights
MLS #: 1044180 More Details →
3453 Shrikes Tail Heights, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 2/3
Garage: 2.0
List Price: $324,000
DOM: 44
Taxes: $982/yr
Year Built: 2010
Listed By: Real Broker, LLC DBA Real
List Price $324,000
Est. Monthly Cost* $2,487.43
Price Drop - $20,000 off
1051 Nolte Drive
MLS #: 7854799 More Details →
1051 Nolte Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $344,900 $324,900
DOM: 35
Taxes: $1,226/yr
Year Built: 1979
Listed By: Town & Country Realty Inc
List Price $324,900
Est. Monthly Cost* $2,513.73
4460 Carolyn Drive
MLS #: 4187882 More Details →
4460 Carolyn Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 4/2
Garage: 1.0
List Price: $325,000
DOM: 0
Taxes: $877/yr
Year Built: 1972
Listed By: Springs Lifestyles Real Estate Inc.
List Price $325,000
Est. Monthly Cost* $2,485.31
Under Contract
3420 Springnite Drive
MLS #: 7117223 More Details →
3420 Springnite Drive, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 3/2
Garage: 1.0
List Price: $325,000
DOM: 88
Taxes: $1,189/yr
Year Built: 1971
Listed By: Exp Realty LLC
List Price $325,000
Est. Monthly Cost* $2,511.34
Under Contract
4512 Samaritan Loop
MLS #: 7510431 More Details →
4512 Samaritan Loop, Colorado Springs
Type: Single Family
Zip: 80916
Beds/Baths: 2/2
Garage: 2.0
List Price: $325,000
DOM: 3
Taxes: $2,483/yr
Year Built: 2021
Listed By: Performance Plus Realty Inc
List Price $325,000
Est. Monthly Cost* $2,619.15
Price Drop - $2,000 off
4909 Black Vulture Grove
MLS #: 1666257 More Details →
4909 Black Vulture Grove, Colorado Springs
Type: Townhouse
Zip: 80916
Beds/Baths: 2/3
Garage: 2.0
List Price: $330,000 $328,000
DOM: 23
Taxes: $983/yr
Year Built: 2007
Listed By: West and Main Homes
List Price $328,000
Est. Monthly Cost* $2,514.14
Prev 1 ... 3 4 5 6 7 ... 10 Next

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 111 active residential listings ranging from $130,000 to $500,000, with an average list price of $322,751. Homes in this area average 66 days on market. In the last 30 days, 34 homes sold in 80916 at an average close price of $333,680, with buyers paying an average of 96.8% 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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