First Integrity Title Market Report

Milliken, CO

Single-Family Homes

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Milliken, CO

Mon Dec 02 2024
This week the median list price for Milliken, CO is $494,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 28. 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.

Slight Seller's Advantage

Market Narrative

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

Mon Dec 02 2024
This week the median list price for Milliken, CO is $494,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 28. 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.

Slight Seller's Advantage

Market Narrative

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 $494,000
Median Price of New Listings $487,000
Per Square Foot $249
Average Days on Market 79
Median Days on Market 63
Price Decreased 75%
Price Increased 4%
Relisted 11%
Inventory 28
Median Rent
Market Action 37
Slight Seller's Advantage

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
$789,000 3,103 0.25 - 0.5 acre 4 2.8 24 1 1 70
$525,000 2,411 6,500 - 8,000 sqft 4 3 8 1 0 63
$470,000 1,582 6,500 - 8,000 sqft 3 2 18 1 0 63
$430,000 1,534 8,000 - 10,000 sqft 3 2 25 1 0 42