Market Report

New Castle, CO 81647

Single-Family Homes

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New Castle, CO 81647

Sat Oct 16 2021
This week the median list price for New Castle, CO 81647 is $675,000 with the market action index hovering around 54. This is less than last month's market action index of 56. Inventory has increased to 15. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

New Castle, CO 81647

Sat Oct 16 2021
This week the median list price for New Castle, CO 81647 is $675,000 with the market action index hovering around 54. This is less than last month's market action index of 56. Inventory has increased to 15. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the New Castle market.
Median List Price $675,000
Median Price of New Listings $669,000
Per Square Foot $275
Average Days on Market 39
Median Days on Market 28
Price Decreased 40%
Price Increased 0%
Relisted 7%
Inventory 15
Median Rent
Market Action 54
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
$899,000 2,440 8,000 - 10,000 sqft 3 3 23 0 1 49
$742,300 2,434 1 - 2.5 acres 3 3 16 1 0 17
$659,000 2,104 10 - 20 acres 3 2 24 3 2 0
$412,450 1,591 4,500 - 6,500 sqft 3 2 26 1 1 52