Market Report

New Castle, CO 81647

Single-Family Homes

www.titlecorockies.com



New Castle, CO 81647

Sat May 30 2020
This week the median list price for New Castle, CO 81647 is $539,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 25. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Sat May 30 2020
This week the median list price for New Castle, CO 81647 is $539,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 25. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $539,000
Per Square Foot $248
Days on Market 103
Price Decreased 32%
Price Increased 0%
Relisted 0%
Inventory 25
Median Rent
Most Expensive $1,950,000
Least Expensive $285,000
Market Action 37
Slight Seller's Advantage

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
$992,500 3,237 N/A 4 3 28 0 0 250
$652,000 3,084 2.5 - 5 acres 3 2 22 0 0 66
$523,500 2,148 8,000 - 10,000 sqft 4 3 18 0 0 68
$387,000 1,620 6,500 - 8,000 sqft 3 2 23 2 0 36