Market Report
New Castle, CO 81647
Single-Family Homes
www.titlecorockies.com
New Castle, CO 81647
Tue Mar 02 2021
This week the median list price for New Castle, CO 81647 is $722,000 with the market action index hovering around 62. This is an increase over last month's market action index of 58. Inventory has held steady at or around 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $722,000 | |
| Per Square Foot | $291 | |
| Days on Market | 144 | |
| Price Decreased | 33% | |
| Price Increased | 17% | |
| Relisted | 17% | |
| Inventory | 6 | |
| Median Rent | $2,700 | |
| Most Expensive | $1,395,000 | |
| Least Expensive | $225,000 | |
| Market Action | 62 | |
| Strong Seller's Market | ||
Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,395,000 | 3,102 | N/A | 4 | 2 | 44 | 0 | 0 | 35 |
| $875,000 | 2,842 | N/A | 3 | 3 | 35 | 0 | 0 | 112 |
| $722,000 | 2,150 | 10 - 20 acres | 3 | 2 | 70 | 0 | 1 | 213 |
| $337,497 | 1,544 | 1 - 2.5 acres | 3 | 1 | 22 | 2 | 0 | 91 |