First Integrity Title Market Report

Franktown, CO

Single-Family Homes

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Franktown, CO

Thu Sep 21 2023
This week the median list price for Franktown, CO is $1,250,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has increased to 30. Click here to stay informed with the Franktown market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Franktown, CO

Thu Sep 21 2023
This week the median list price for Franktown, CO is $1,250,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has increased to 30. Click here to stay informed with the Franktown market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Franktown market.
Median List Price $1,250,000
Median Price of New Listings $1,670,000
Per Square Foot $347
Average Days on Market 87
Median Days on Market 56
Price Decreased 50%
Price Increased 0%
Relisted 10%
Inventory 30
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$2,275,000 5,702 1 - 2.5 acres 4 4.5 0 2 1 140
$1,795,000 5,140 5 - 10 acres 4 3.5 17 3 2 63
$1,199,250 4,366 5 - 10 acres 4 3.5 39 2 0 35
$930,000 3,087 5 - 10 acres 3 2.8 41 1 1 28