Great NoCo Homes Market Update

Milliken, CO

Single-Family Homes

Doug Lindstrom | www.GreatNoCoHomes.com



Milliken, CO

Thu Jan 20 2022
This week the median list price for Milliken, CO is $490,000 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has decreased to 5. Click here to stay informed with the Milliken market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Milliken, CO

Thu Jan 20 2022
This week the median list price for Milliken, CO is $490,000 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has decreased to 5. Click here to stay informed with the Milliken market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Milliken market.
Median List Price $490,000
Median Price of New Listings $524,266
Per Square Foot $197
Average Days on Market 120
Median Days on Market 14
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 67
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$2,700,000 5,163 N/A 4 4 21 0 0 553
$558,533 3,389 4,500 - 6,500 sqft 4 3.5 0 1 2 0
$490,000 2,484 6,500 - 8,000 sqft 3 3 5 1 1 0
$353,000 1,700 0.25 - 0.5 acre 2 1.5 37 0 1 24