Why Live in Palmer Park
Palmer Park in Colorado Springs is a neighborhood named after the city's founder and the expansive park at its center. The area is known for its proximity to the mountains and extensive hiking trails, providing a mountain-like atmosphere right at residents' doorsteps. Palmer Park itself spans over 700 acres, featuring hiking, biking trails, sports fields, and unique rock formations called Hoodoos. The park also includes picnic areas, a dog park, and hosts events like a Halloween scavenger hunt. Nearby, the historic Patty Jewett Golf Course is about three miles south. Homes in Palmer Park, many built in the 1940s and 1950s, range from ranch-style houses to split-level homes, with prices varying from around $360,000 to over $700,000. Condos and townhouses are also available on the neighborhood's east side. The area is primarily car-dependent, with limited public transportation, but traffic is generally light, making it easy to navigate. North Academy Boulevard, the eastern border, offers numerous dining options, including Wade's Café and Nom Nom Thai, as well as grocery stores like King Soopers and Walmart Neighborhood Market. University Village shopping center, six miles west, provides additional retail and dining choices. Downtown Colorado Springs is approximately five miles southwest, accessible via Paseo Road.
Home Trends in Palmer Park, CO
On average, homes in Palmer Park, Colorado Springs sell after 72 days on the market compared to the national average of 70 days. The median sale price for homes in Palmer Park, Colorado Springs over the last 12 months is $337,400, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$337,400
Median Single Family Sale Price
$333,695
Median Townhouse Sale Price
$450,000
Median 2 Bedroom Sale Price
$320,000
Median 1 Bedroom Sale Price
$247,500
Average Price Per Sq Ft
$233
Number of Homes for Sale
13
Last 12 months Home Sales
101
Median List Price
$375,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-13%
