Knob Hill Colorado Springs is a historic neighborhood located on the northeast part of Downtown Colorado Springs. One of the remarkable little know facts about this area is that Inventor Nikola Tesla's wireless power experimental station was located on Knob Hill.
Over the past five years, this area has become very popular. The problem is that the area doesn't see much turnover, people tend to stay.
As a matter of fact, over the last ten years, the average number of homes sold per year is 29.5. This makes the 38 homes sold in the area for 2018 a stellar year.
Knob Hill Colorado Springs - 2018 Overview
Here are the 2018 numbers for the Knob Hill neighborhood. These numbers show how popular this area has become, although the area doesn't see a lot of turnover, when homes do come on the market, they go fast and for top dollar.
| Number of Sales | 38 |
| Median Sales Price | $210,000 |
| Median Square Footage | 1,044 |
| Median Price Per Sq. Ft. | $171 |
Knob Hill Colorado Springs, Median Home Price
Median home price is a great number to watch, especially over time. The median home price give you a good indication of where a neighborhood is headed. Based on the numbers Knob Hill is headed in a great direction...up!
Knob Hill has seen an 80% increase in median home price over the last five years. That's a fairly staggering number but it shows just how hot the historic downtown Colorado Springs Real Estate market is.
Another important indicator of neighborhood desirability is the "Median List Price Per Square Foot". Knob Hill saw a 71% increase in this category over the past five years, again that's impressive.
These numbers are impressive, especially if you own a home or are selling a home in the Knob Hill neighborhood. The big concern is, of course, affordability. Diversity is part of what makes Knob Hill so desirable, we worry that lack of affordability will fundamentally change the area. This is certainly something we will keep an eye on.
For the time being, if you are interested in Knob Hill Colorado Springs Homes For Sale, our search tool provides up to date listing data on the Knob Hill Neighborhood.
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