Your Localized Market Report

New Castle, CO 81647

Single-Family Homes

Tobias Rimkus | 970-355-3360 | tobias@rimkusrealestate.com


New Castle, CO 81647

Tue Sep 17 2024
This week the median list price for New Castle, CO 81647 is $912,500 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has decreased to 24. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

New Castle, CO 81647

Tue Sep 17 2024
This week the median list price for New Castle, CO 81647 is $912,500 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has decreased to 24. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the New Castle market.
Median List Price $912,500
Median Price of New Listings $850,000
Per Square Foot $393
Average Days on Market 102
Median Days on Market 67
Price Decreased 54%
Price Increased 0%
Relisted 8%
Inventory 24
Median Rent
Market Action 37
Slight Seller's Advantage

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
$1,697,500 4,515 8,000 - 10,000 sqft 4 3.5 27 0 0 157
$1,187,500 2,834 8,000 - 10,000 sqft 3 2.9 8 0 0 38
$752,000 1,877 0.25 - 0.5 acre 2 2.3 25 2 0 66
$499,500 1,394 6,500 - 8,000 sqft 3 1.8 24 0 2 59