Your Local Market Report

Franktown, CO

Single-Family Homes

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Franktown, CO

Fri Mar 29 2024
This week the median list price for Franktown, CO is $1,750,000 with the market action index hovering around 37. This is less than last month's market action index of 42. Inventory has increased to 27. 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

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.

Franktown, CO

Fri Mar 29 2024
This week the median list price for Franktown, CO is $1,750,000 with the market action index hovering around 37. This is less than last month's market action index of 42. Inventory has increased to 27. 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

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 Franktown market.
Median List Price $1,750,000
Median Price of New Listings $1,245,000
Per Square Foot $338
Average Days on Market 138
Median Days on Market 154
Price Decreased 33%
Price Increased 0%
Relisted 4%
Inventory 27
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
$2,432,500 6,119 5 - 10 acres 4 4.3 3 0 1 31
$1,898,000 5,300 5 - 10 acres 4 4.5 7 0 0 182
$1,490,000 4,361 2.5 - 5 acres 4 3.5 36 1 0 56
$1,100,000 3,610 5 - 10 acres 4 3.5 40 0 0 189