Market Report

New Castle, CO 81647

Single-Family Homes

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New Castle, CO 81647

Sun Jun 24 2018
This week the median list price for New Castle, CO 81647 is $502,450 with the market action index hovering around 43. This is an increase over last month's market action index of 39. Inventory has held steady at or around 26. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

New Castle, CO 81647

Sun Jun 24 2018
This week the median list price for New Castle, CO 81647 is $502,450 with the market action index hovering around 43. This is an increase over last month's market action index of 39. Inventory has held steady at or around 26. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the New Castle market.
Median List Price $502,450
Per Square Foot $167
Days on Market 113
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 26
Median House Rent
Most Expensive $700,000
Least Expensive $270,000
Market Action Index
Slight Seller's Advantage
43

We continue to see prices in this zip code bounce around this 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
$654,000 4,325 0.25 - 0.5 acre 4 3 13 0 1 169
$570,500 4,176 8,000 - 10,000 sqft 4 3 11 0 1 108
$455,000 2,172 0.25 - 0.5 acre 4 3 15 1 1 84
$349,000 1,344 0.25 - 0.5 acre 3 2 23 0 2 99