First American Market Report

Castle Rock, CO

Condos/Townhomes

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Castle Rock, CO

Fri Feb 21 2020
This week the median list price for Castle Rock, CO is $420,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 13. Click here to stay informed with the Castle Rock 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Castle Rock, CO

Fri Feb 21 2020
This week the median list price for Castle Rock, CO is $420,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 13. Click here to stay informed with the Castle Rock 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Castle Rock market.
Median List Price $420,000
Per Square Foot $225
Days on Market 85
Price Decreased 8%
Price Increased 8%
Relisted 23%
Inventory 13
Median Rent $1,533
Most Expensive $699,000
Least Expensive $194,700
Market Action 48
Strong Seller's Market

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
$449,000 2,403 0 - 4,500 sqft 3 3 25 0 0 147
$440,000 2,092 0 - 4,500 sqft 3 2 1 0 1 116
$359,000 1,782 0 - 4,500 sqft 3 2 16 1 0 74
$267,450 1,179 0 - 4,500 sqft 2 2 20 1 1 21