First Integrity Title Market Report
Castle Rock, CO
Single-Family Homes
www.FirstIntegrityTitle.com | 888-636-0372
Castle Rock, CO
Tue Apr 23 2024
This week the median list price for Castle Rock, CO is $899,180 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 194.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $899,180 | |
| Median Price of New Listings | $987,495 | |
| Per Square Foot | $228 | |
| Average Days on Market | 65 | |
| Median Days on Market | 35 | |
| Price Decreased | 42% | |
| Price Increased | 10% | |
| Relisted | 5% | |
| Inventory | 194 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,097,500 | 5,627 | 1 - 2.5 acres | 4 | 4.5 | 18 | 2 | 0 | 49 |
| $1,066,975 | 4,802 | 0.25 - 0.5 acre | 4 | 3.5 | 3 | 6 | 7 | 35 |
| $799,500 | 4,082 | 6,500 - 8,000 sqft | 4 | 3 | 5 | 2 | 3 | 49 |
| $650,000 | 2,701 | 4,500 - 6,500 sqft | 4 | 2.5 | 17 | 0 | 8 | 28 |