Market Report

New Castle, CO 81647

Single-Family Homes

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New Castle, CO 81647

Sat Jul 31 2021
This week the median list price for New Castle, CO 81647 is $649,000 with the market action index hovering around 60. This is about the same as last month's market action index of 60. Inventory has increased to 13. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

New Castle, CO 81647

Sat Jul 31 2021
This week the median list price for New Castle, CO 81647 is $649,000 with the market action index hovering around 60. This is about the same as last month's market action index of 60. Inventory has increased to 13. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the New Castle market.
Median List Price $649,000
Median Price of New Listings $0
Per Square Foot $295
Average Days on Market 60
Median Days on Market 28
Price Decreased 23%
Price Increased 8%
Relisted 8%
Inventory 13
Median Rent
Market Action 60
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$2,499,000 1,883 10 - 20 acres 3 2 17 0 0 21
$995,000 3,102 5 - 10 acres 4 3 44 0 0 49
$550,000 2,352 6,500 - 8,000 sqft 4 3 16 0 1 28
$317,450 1,514 6,500 - 8,000 sqft 3 2 25 0 0 17