Your Local Market Report
Castle Rock, CO
Single-Family Homes
First American Title | www.firstam.com/title/co
Castle Rock, CO
Tue Apr 16 2024
This week the median list price for Castle Rock, CO is $889,000 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has increased to 201.
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 | $889,000 | |
| Median Price of New Listings | $775,000 | |
| Per Square Foot | $226 | |
| Average Days on Market | 54 | |
| Median Days on Market | 28 | |
| Price Decreased | 40% | |
| Price Increased | 8% | |
| Relisted | 5% | |
| Inventory | 201 | |
| Median Rent | ||
| Market Action | 52 | |
| Strong Seller's Market | ||
While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,950,000 | 5,619 | 1 - 2.5 acres | 4 | 4.5 | 18 | 8 | 7 | 42 |
| $1,046,640 | 4,668 | 0.25 - 0.5 acre | 4 | 3.5 | 3 | 10 | 4 | 24 |
| $784,141 | 3,970 | 6,500 - 8,000 sqft | 4 | 3 | 6 | 13 | 7 | 28 |
| $640,000 | 2,697 | 4,500 - 6,500 sqft | 3 | 2.5 | 13 | 18 | 14 | 14 |