Great NoCo Homes Market Update

Milliken, CO

Single-Family Homes

Doug Lindstrom | www.GreatNoCoHomes.com



Milliken, CO

Sat Nov 27 2021
This week the median list price for Milliken, CO is $480,829 with the market action index hovering around 69. This is less than last month's market action index of 80. Inventory has increased to 14. 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 started cooling and prices have recently plateaued. Since 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

Sat Nov 27 2021
This week the median list price for Milliken, CO is $480,829 with the market action index hovering around 69. This is less than last month's market action index of 80. Inventory has increased to 14. 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 started cooling and prices have recently plateaued. Since 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 $480,829
Median Price of New Listings $450,000
Per Square Foot $173
Average Days on Market 47
Median Days on Market 7
Price Decreased 14%
Price Increased 7%
Relisted 0%
Inventory 14
Median Rent
Market Action 69
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$565,609 3,258 8,000 - 10,000 sqft 4 3 20 1 0 7
$492,669 2,917 4,500 - 6,500 sqft 4 2.5 1 1 2 7
$468,552 2,873 4,500 - 6,500 sqft 3 2.3 1 0 0 21
$449,950 2,687 8,000 - 10,000 sqft 3 2 4 3 0 0