Why Live in Monument
Monument, CO, is a small mountain town located 20 miles north of Colorado Springs with a population of about 12,000 people. Known for its laid-back lifestyle and scenic pine tree landscape, Monument attracts families due to the highly rated Lewis-Palmer School District 38. Many residents commute to Denver, 50 miles away, or work from home in various industries. The town features family-owned restaurants and businesses along 2nd Street, and residents enjoy local attractions such as Monument Preserve Western Loop and Monument Lake, which offers views of Pikes Peak. Homes in Monument range from early 21st-century townhouses to new traditional and ranch-style homes, with prices varying from $530,000 to $1.7 million. Affluent subdivisions like Homestead at Jackson Creek provide stunning views of the Front Range mountains. Monument boasts several parks and trails, including Dirty Woman Creek Park, Limbach Park, and the New Santa Fe Regional Trail, which extends nearly 17 miles. The town also has a walkable downtown area with boutiques and eateries, and plans for new shopping developments are underway. Annual events like the Tri-Lakes 4th of July Celebration and Monument Art Hop bring the community together. Monument has seen a significant decrease in crime rates compared to the national average, and the local police department actively engages with residents through programs like Neighborhood Watch and Coffee with a Cop. The town's elevation of nearly 7,000 feet results in cooler temperatures and a higher risk of wildfires, managed by the Monument Fire Center. Commuters use Interstate 25 to travel to nearby cities, and the Colorado Springs Airport is 31 miles south.
Home Trends in Monument, CO
On average, homes in Monument, CO sell after 133 days on the market compared to the national average of 70 days. The median sale price for homes in Monument, CO over the last 12 months is $660,000, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$660,000
Median Single Family Sale Price
$727,444
Median Townhouse Sale Price
$675,990
Average Price Per Sq Ft
$266
Number of Homes for Sale
52
Last 12 months Home Sales
427
Median List Price
$732,500
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-7%