Market Report

New Castle, CO 81647

Single-Family Homes

www.titlecorockies.com



New Castle, CO 81647

Mon Nov 23 2020
This week the median list price for New Castle, CO 81647 is $572,000 with the market action index hovering around 42. This is less than last month's market action index of 49. Inventory has held steady at or around 20. 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 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

Mon Nov 23 2020
This week the median list price for New Castle, CO 81647 is $572,000 with the market action index hovering around 42. This is less than last month's market action index of 49. Inventory has held steady at or around 20. 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 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 $572,000
Per Square Foot $261
Days on Market 95
Price Decreased 20%
Price Increased 5%
Relisted 0%
Inventory 20
Median Rent $2,700
Most Expensive $995,000
Least Expensive $379,000
Market Action 42
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$875,000 3,820 N/A 4 3 19 0 0 267
$649,000 2,352 5 - 10 acres 3 3 14 0 0 46
$469,000 1,935 6,500 - 8,000 sqft 4 2 23 2 1 60
$410,000 1,417 6,500 - 8,000 sqft 3 2 22 3 0 4