First Integrity Title Market Report

Milliken, CO

Single-Family Homes

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Milliken, CO

Mon Dec 04 2023
This week the median list price for Milliken, CO is $465,000 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has decreased to 9. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Mon Dec 04 2023
This week the median list price for Milliken, CO is $465,000 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has decreased to 9. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $465,000
Median Price of New Listings $550,000
Per Square Foot $186
Average Days on Market 82
Median Days on Market 63
Price Decreased 44%
Price Increased 0%
Relisted 33%
Inventory 9
Median Rent
Market Action 51
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
$662,500 2,595 1 - 2.5 acres 4 2.3 58 1 0 66
$494,950 3,165 6,500 - 8,000 sqft 5 2.8 13 0 1 126
$462,000 2,531 4,500 - 6,500 sqft 4 3.3 12 0 0 28
$440,000 2,071 6,500 - 8,000 sqft 3 2.5 17 0 1 98