First Integrity Title Market Report
Franktown, CO
Single-Family Homes
www.FirstIntegrityTitle.com | 888-636-0372
Franktown, CO
Thu Nov 21 2024
This week the median list price for Franktown, CO is $1,595,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has decreased to 37.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $1,595,000 | |
| Median Price of New Listings | $865,000 | |
| Per Square Foot | $371 | |
| Average Days on Market | 156 | |
| Median Days on Market | 126 | |
| Price Decreased | 57% | |
| Price Increased | 3% | |
| Relisted | 11% | |
| Inventory | 37 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 |
|---|---|---|---|---|---|---|---|---|
| $2,500,000 | 5,750 | N/A | 4 | 4.5 | 21 | 0 | 0 | 147 |
| $1,950,000 | 4,989 | 5 - 10 acres | 4 | 3.5 | 18 | 0 | 1 | 161 |
| $1,375,000 | 3,879 | 5 - 10 acres | 4 | 3.3 | 33 | 1 | 0 | 126 |
| $937,000 | 2,981 | 5 - 10 acres | 4 | 2.9 | 44 | 2 | 1 | 115 |