Market Report

New Castle, CO 81647

Single-Family Homes

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New Castle, CO 81647

Thu Feb 21 2019
This week the median list price for New Castle, CO 81647 is $535,000 with the market action index hovering around 36. This is an increase over last month's market action index of 32. Inventory has held steady at or around 23. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

New Castle, CO 81647

Thu Feb 21 2019
This week the median list price for New Castle, CO 81647 is $535,000 with the market action index hovering around 36. This is an increase over last month's market action index of 32. Inventory has held steady at or around 23. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the New Castle market.
Median List Price $535,000
Per Square Foot $215
Days on Market 155
Price Decreased 30%
Price Increased 0%
Relisted 4%
Inventory 23
Median House Rent
Most Expensive $3,300,000
Least Expensive $258,000
Market Action Index
Slight Seller's Advantage
36

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$659,900 3,636 2.5 - 5 acres 4 4 13 0 1 228
$579,500 2,932 0.25 - 0.5 acre 4 3 12 0 0 148
$472,000 2,436 0.25 - 0.5 acre 3 2 15 1 1 101
$286,500 1,622 4,500 - 6,500 sqft 3 2 22 0 1 156