Market Report
New Castle, CO 81647
Single-Family Homes
www.titlecorockies.com
New Castle, CO 81647
Fri Apr 19 2024
This week the median list price for New Castle, CO 81647 is $1,074,000 with the market action index hovering around 35. This is an increase over last month's market action index of 31. Inventory has held steady at or around 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,074,000 | |
| Median Price of New Listings | $1,150,000 | |
| Per Square Foot | $378 | |
| Average Days on Market | 139 | |
| Median Days on Market | 119 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,775,000 | 2,867 | 5 - 10 acres | 5 | 5 | 29 | 0 | 0 | 119 |
| $1,200,000 | 3,141 | 8,000 - 10,000 sqft | 3 | 4 | 1 | 1 | 0 | 70 |
| $850,000 | 2,572 | 8,000 - 10,000 sqft | 4 | 3 | 17 | 0 | 0 | 126 |
| $585,000 | 1,686 | 4,500 - 6,500 sqft | 3 | 3 | 17 | 0 | 0 | 168 |