Something unusual is happening in Monument, and it runs against the story in the rest of the south metro.
While home values slipped 2% to 3% across Douglas County over the past year, Monument held nearly flat — and did about 26% more business.
Here are the numbers and what they mean depending on which side of the transaction you are on.
Where prices are
Two measures, because they answer different questions.
Median sale price (June 2026): about $799,000, at roughly $237 per square foot. That is what actually closed.
Zillow Home Value Index: $744,424, down about 0.5% year over year. That is a modeled estimate of typical value across the entire housing stock, which makes it the better tool for comparing Monument against other towns.
The gap between the two is normal. The index covers every home; the median covers only what sold, which skews toward whichever price band was most active.
The number that makes Monument different
552 homes sold, up from 438 a year earlier. Roughly 26% more transactions.
Set that against the neighbors, all on the Zillow Home Value Index:
| Market | Home Value Index | YoY change |
|---|---|---|
| Monument | ~$744,424 | −0.5% |
| Castle Rock | ~$672,982 | −2.1% |
| Parker | ~$687,773 | −2.5% |
| Highlands Ranch | ~$711,007 | −3.1% |
| Lone Tree | ~$895,306 | −3.3% |
| Colorado Springs | ~$450,254 | −1.8% |
Monument lost less value than any market around it while transaction volume grew sharply. That combination — stable prices with rising activity — is the healthiest pattern on this list.
But absorption is slowing
The counterweight, and sellers need to hear it clearly.
Average days on market: 73, up from 65 a year earlier. Zillow separately puts median days to pending at about 64.
Active listings: 426. With 552 sales in the trailing period, that is roughly nine months of the market's own recent pace sitting available at any given time — a genuinely deep inventory position compared with the two- and three-week markets in Douglas County.
So: more buyers are transacting, prices are holding, and it still takes over two months to sell. Those facts are not in conflict. They describe a market with real depth of inventory where buyers can afford to be selective, and where the homes that sell are the ones priced and presented correctly from day one.
What this means if you are buying
You have time, and you have leverage on the right properties. Seventy-three days of average market time means you are rarely forced into a same-day decision, and homes that have been listed 60+ days are genuinely negotiable.
But you are not buying a falling market. Monument is down half a percent, not five. Waiting for a meaningful correction here is a strategy that has not paid off, and inventory in specific neighborhoods — Woodmoor's larger lots, Kings Deer acreage — is thin enough that the right house may not repeat soon.
Run the tax number before you fall in love. This is the single biggest buyer mistake in Monument. Metro district mill levies range from zero in Woodmoor to over 69 in Home Place Ranch. On a $750,000 home that is a swing of about $267 a month. See our metro district and property tax guide.
What this means if you are selling
Price to the market, not to last year, and not to your neighbor's list price. With 426 active listings, buyers have alternatives. The homes taking price reductions are almost always the ones that launched above the market and spent their best three weeks of exposure being ignored.
Expect roughly two to two and a half months. Build that into your timeline, especially if you are buying contingent on this sale.
Your assessed value is not your market value, and El Paso County makes this worse than most. The county reappraises in odd-numbered years, and the 2025–2026 valuation drew on a sales window running January 1, 2023 through June 30, 2024. That is an 18-month window that closed more than a year before the tax year. If your assessment looks disconnected from current activity, this lag is usually why. Do not price from it.
Presentation is doing more work than it did in 2021. In a nine-month-supply market, the photography, the staging and the first-weekend showing volume decide the outcome.
What is shaping the market underneath
Growth, and the constraint on it. Monument's population went from 10,399 at the 2020 census to an estimated 13,813 in 2025 — about 33% in five years. But water is a real limit, not a talking point. A nearby 340-unit development had its density capped by a water district sustainability finding. A February 2026 vote blocked use of town water north of the Palmer Divide. Supply expansion here is genuinely harder than in Douglas County, which supports values over time.
Infrastructure catching up. The I-25 South Gap rebuild added express lanes and truck climbing lanes on the 18-mile stretch from Monument toward Castle Rock. The town is preparing a 1.5% use tax for the November 2026 ballot, restricted to roads and infrastructure — support polled at 39% before the restriction was explained and 64% after.
New construction concentrated in a few communities. Jackson Creek, Monument Junction, Home Place Ranch and Cloverleaf are the active nodes. Sanctuary Pointe and Promontory Pointe are essentially built out. That concentration matters, because the new-build communities carry the highest metro district levies.
Frequently asked questions
Is Monument, CO a buyer's or seller's market in 2026?
Balanced, tilting slightly toward buyers on time and negotiation. Average days on market is 73 with 426 active listings, which gives buyers room to be selective. But values are essentially flat rather than falling, so sellers who price correctly are still transacting well.
Are home prices going down in Monument, Colorado?
Barely. The Zillow Home Value Index was down about 0.5% year over year as of early 2026 — the mildest change of any market in the region. Castle Rock, Parker, Highlands Ranch and Lone Tree all fell 2% to 3% over the same period.
How long does it take to sell a house in Monument?
About 73 days on average as of June 2026, up from 65 a year earlier. Correctly priced homes move faster; overpriced ones typically take a reduction and then sell near where they should have started.
What is the median home price in Monument, CO?
About $799,000 as of June 2026, at roughly $237 per square foot. The Zillow Home Value Index, which measures the whole housing stock rather than just sales, was $744,424.
Want the number for your specific home or neighborhood?
Town-wide medians are a starting point, not an answer. Woodmoor, Jackson Creek, Kings Deer and Gleneagle are moving at genuinely different speeds and prices.
Get a free home value report for your address, or contact me and I will pull the comparable sales for your specific street and tax district. Buying? Browse current Monument homes for sale or start with our guide to living in Monument and the neighborhoods breakdown.
Market data as of June 2026 from Zillow and Movoto. Figures are labeled by metric type and change monthly.