Banning Lewis Ranch Housing Market Update: November 2026
Banning Lewis Ranch is heading into the slower winter season in better shape than much of Colorado Springs. Home prices in the community are up from a year ago, homes are selling faster, and inventory has held steady while the wider Pikes Peak region cools.
Treasure Davis, founder of the Treasure Davis Team, lives in Banning Lewis Ranch and tracks the 80927 market every month for neighbors. Here is what the latest numbers show, what is coming next for the community, and what it all means if you are thinking about buying or selling a home in Banning Lewis Ranch.
Banning Lewis Ranch home prices are up year over year
According to elevate MLS data for the Banning Lewis Ranch sub area (single family, patio home, townhouse, and condo):
Median sold price: $475,000 in September 2026, up 3.4% from $459,385 in September 2025
Median days to sell: 44 days in September, down from 58 days a year earlier
Homes sold in October: 20 through October 30, compared with 21 in October 2025
Homes for sale: 115 in September, the same as a year ago
In plain terms, Banning Lewis Ranch values are holding up and well-prepared homes are still selling. The pace is steady, not frantic, which is a healthy sign heading into winter.
How Banning Lewis Ranch compares to the Colorado Springs market
The broader region is cooling. The Pikes Peak Association of REALTORS® reported 1,101 closed sales across the elevate MLS market in September 2026, with a $450,000 median sale price and homes averaging 59 days on market.
For single-family and patio homes, The Gazette reported that the August median sale price was $470,000, down 2% from a year earlier, with sales down 4.1% and active listings up nearly 4%.
So while the region is giving buyers more choices and more negotiating room, Banning Lewis Ranch is seeing rising prices and faster sales. The community's amenities, newer construction, and location on the east side of Colorado Springs continue to draw steady demand.
What the new Banning Lewis Ranch villages mean for homeowners
In September, Colorado Springs City Council approved rezoning for about 1,170 acres of Banning Lewis Ranch, split into Village B2 (about 511 acres) and Village C (about 658 acres), between Dublin Boulevard and Stetson Hills Boulevard, east of Banning Lewis Parkway. According to KOAA, the plans include:
Parks: four neighborhood parks totaling more than 16 acres in Village C, plus a 35-acre community park serving both villages
Schools: one school site in Village B2 and two in Village C
Shopping: a 9.3-acre commercial area at Banning Lewis Parkway and Dublin Boulevard, plus commercial space along Highway 24
Public safety: a parcel set aside for a future fire station
Before final plats can be recorded for Village C, the city says CDOT's concerns about the Stetson Hills Boulevard and Highway 24 intersection must be resolved. Work is expected to begin before 2028, according to FOX21 News.
For a deeper look at the timeline, traffic, and home values, read the Treasure Davis Team's full guide: Banning Lewis Ranch Rezoning: What 5,000 New Homes Mean for BLR Homeowners.
Is now a good time to sell a home in Banning Lewis Ranch?
For many owners, yes. Banning Lewis Ranch resale homes are currently competing mostly with each other and with today's new builds, before Villages B2 and C start adding new homes. With prices up year over year and median days to sell down, sellers who price carefully and prepare their homes well are still in a strong position.
A few things matter more in this market than they did a few years ago:
Pricing to the current market. Buyers compare closely, and overpriced homes sit.
Presentation. Fresh paint, clean carpet, and a tidy yard make a real difference in showings.
Seller concessions. Rate buydowns and closing cost help have become common across the region, so it helps to plan for them.
If you want to know where your home stands, the Treasure Davis Team can pull actual Banning Lewis Ranch sales in your section of the community and your floor plan, which is far more accurate than an online estimate. Request a home value report or call Treasure Davis directly at (719) 201-6778.
Is now a good time to buy a home in Banning Lewis Ranch?
Buyers have more choices across Colorado Springs than they did a few years ago, and that extends to Banning Lewis Ranch, where 115 homes were on the market in September. Mortgage rates are higher than a year ago, with Freddie Mac's 30-year average at 7.24% on October 29, 2026, so getting pre-approved and comparing lender quotes matters.
Buying in an established section of Banning Lewis Ranch means you get the existing amenities today, including the pools, fitness center, clubhouse, parks, and trails, with the planned parks, school sites, and commercial area in the new villages still ahead.
Banning Lewis Ranch homes for sale
The Treasure Davis Team currently has homes on the market in Banning Lewis Ranch, including a three-level home with a rooftop deck and mountain views from every level, and a four-bedroom home with a fireplace, walk-in pantry, and oversized covered patio. You can search all Banning Lewis Ranch homes for sale or read more about the four-bedroom Banning Lewis Ranch home with a fireplace and covered patio.
Winter home tips for Banning Lewis Ranch homeowners
The wind and sudden cold snaps on the east side of Colorado Springs are hard on a house. Before the first big storm:
Keep the heat at 55 degrees or higher if you travel, and open cabinet doors under sinks on outside walls on the coldest nights.
Know where your main water shutoff is.
Replace the furnace filter.
Have a shovel and ice melt ready, and check your HOA's rules on sidewalk clearing.
Use outdoor-rated holiday lights on GFCI outlets and a timer.
Get the monthly Banning Lewis Ranch newsletter
Every month, the Treasure Davis Team sends a free Banning Lewis Ranch neighborhood newsletter with the latest BLR market numbers, community news, local events, homes for sale in the neighborhood, and occasional subscriber-only extras.
Sign up for the free monthly Banning Lewis Ranch newsletter
Frequently asked questions about Banning Lewis Ranch real estate
What is the median home price in Banning Lewis Ranch? The median sold price in Banning Lewis Ranch was $475,000 in September 2026, up 3.4% from September 2025, according to elevate MLS data for the Banning Lewis Ranch sub area.
How fast are homes selling in Banning Lewis Ranch? Homes in Banning Lewis Ranch sold in a median of 44 days in September 2026, down from 58 days a year earlier.
How many homes are for sale in Banning Lewis Ranch? There were 115 homes for sale in Banning Lewis Ranch in September 2026, the same number as a year earlier.
Is Banning Lewis Ranch growing? Yes. Colorado Springs City Council approved rezoning for about 1,170 acres in September 2026 for Villages B2 and C, with roughly 5,000 homes planned along with parks, school sites, commercial space, and a fire station parcel. Work is expected to begin before 2028.
What zip code is Banning Lewis Ranch in? Banning Lewis Ranch is in the 80927 zip code on the east side of Colorado Springs, Colorado.
Talk with Treasure Davis about Banning Lewis Ranch
The Treasure Davis Team has helped Colorado Springs buyers and sellers since 2005, with more than 3,500 homes sold. Treasure Davis lives in Banning Lewis Ranch and knows the community street by street. If you are thinking about buying or selling in Banning Lewis Ranch, call Treasure directly at (719) 201-6778 or reach out online.
Treasure Davis Team | eXp Realty. Market data is deemed reliable but not guaranteed.
