Why Live in Monument
Monument, a small mountain town 20 miles north of Colorado Springs, is characterized by its laid-back atmosphere and scenic pine tree landscape. With a population of around 12,000 as of 2023, many families are drawn to the area for the highly rated Lewis-Palmer School District 38. The town's downtown area features family-owned restaurants and businesses along 2nd Street, while the Monument Preserve Western Loop and Monument Lake offer picturesque views of Pikes Peak. Housing in Monument includes a mix of early 21st-century and newer townhouses, with prices ranging from $400,000 to $1.7 million. The town is known for its spacious parks and numerous hiking trails, such as the New Santa Fe Regional Trail and Monument Rock Trail. Monument Lake is a popular spot for fishing and boating, and the town also boasts the Monument Ice Rinks for hockey enthusiasts. Historic Downtown Monument is pedestrian-friendly, with boutiques and eateries like Arlene's Beans. Annual events include the Tri-Lakes 4th of July Celebration and the Monument Art Hop. Monument has seen a significant decrease in crime rates, with a 45% drop in violent crimes and a 32% drop in property crimes from late 2022 to late 2023. The Monument Police Department engages with the community through programs like Neighborhood Watch and Coffee with a Cop. The town's higher elevation results in cooler temperatures and a higher risk of wildfires, managed by the Monument Fire Center. Commuters use Interstate 25 to reach Colorado Springs and Denver, with additional options like the Monument Park-n-Ride system.
Home Trends in Monument, CO
On average, homes in Monument, CO sell after 89 days on the market compared to the national average of 50 days. The median sale price for homes in Monument, CO over the last 12 months is $725,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$725,000
Median Single Family Sale Price
$739,900
Median Townhouse Sale Price
$395,000
Average Price Per Sq Ft
$292
Number of Homes for Sale
354
Last 12 months Home Sales
815
Median List Price
$743,495
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
0%