Market Report

New Castle, CO 81647

Single-Family Homes

www.titlecorockies.com



New Castle, CO 81647

Mon May 20 2019
This week the median list price for New Castle, CO 81647 is $532,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 35. Click here to stay informed with the New Castle market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

New Castle, CO 81647

Mon May 20 2019
This week the median list price for New Castle, CO 81647 is $532,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 35. Click here to stay informed with the New Castle market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the New Castle market.
Median List Price $532,000
Per Square Foot $215
Days on Market 126
Price Decreased 31%
Price Increased 3%
Relisted 3%
Inventory 35
Median House Rent $1,950
Most Expensive $2,500,000
Least Expensive $275,000
Market Action Index
Slight Seller's Advantage
33

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$727,700 3,300 1 - 2.5 acres 4 3 15 0 0 171
$550,000 3,098 0.25 - 0.5 acre 4 3 12 0 0 144
$508,000 1,935 6,500 - 8,000 sqft 3 2 12 1 1 80
$359,000 1,634 6,500 - 8,000 sqft 3 2 21 1 3 114