Market Report

New Castle, CO 81647

Single-Family Homes

www.titlecorockies.com


New Castle, CO 81647

Tue May 18 2021
This week the median list price for New Castle, CO 81647 is $649,900 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has increased to 7. 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

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.

New Castle, CO 81647

Tue May 18 2021
This week the median list price for New Castle, CO 81647 is $649,900 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has increased to 7. 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

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 New Castle market.
Median List Price $649,900
Median Price of New Listings $599,000
Per Square Foot $314
Average Days on Market 89
Median Days on Market 70
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent $2,700
Market Action 52
Strong Seller's Market

We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly 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
$1,499,000 2,750 2.5 - 5 acres 5 3 46 0 0 70
$1,122,500 2,972 N/A 3 3 39 0 1 150
$649,450 2,284 10 - 20 acres 3 2 8 1 1 126
$519,500 1,650 0.25 - 0.5 acre 3 2 26 2 2 0