Market Report

New Castle, CO 81647

Single-Family Homes

www.titlecorockies.com



New Castle, CO 81647

Sat Feb 27 2021
This week the median list price for New Castle, CO 81647 is $722,000 with the market action index hovering around 62. This is an increase over last month's market action index of 58. Inventory has held steady at or around 6. Click here to stay informed with the New Castle 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

New Castle, CO 81647

Sat Feb 27 2021
This week the median list price for New Castle, CO 81647 is $722,000 with the market action index hovering around 62. This is an increase over last month's market action index of 58. Inventory has held steady at or around 6. Click here to stay informed with the New Castle 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the New Castle market.
Median List Price $722,000
Per Square Foot $291
Days on Market 144
Price Decreased 33%
Price Increased 17%
Relisted 17%
Inventory 6
Median Rent $2,700
Most Expensive $1,395,000
Least Expensive $225,000
Market Action 62
Strong Seller's Market

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$1,395,000 3,102 N/A 4 2 44 0 0 35
$875,000 2,842 N/A 3 3 35 0 0 112
$722,000 2,150 10 - 20 acres 3 2 70 0 1 213
$337,497 1,544 1 - 2.5 acres 3 1 22 2 0 91