Market Report

New Castle, CO 81647

Single-Family Homes

www.titlecorockies.com


New Castle, CO 81647

Thu Dec 08 2022
This week the median list price for New Castle, CO 81647 is $700,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 16. 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

Thu Dec 08 2022
This week the median list price for New Castle, CO 81647 is $700,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 16. 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 $700,000
Median Price of New Listings $0
Per Square Foot $340
Average Days on Market 90
Median Days on Market 91
Price Decreased 44%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 36
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,162,500 3,386 2.5 - 5 acres 3 3 12 0 0 143
$757,000 2,379 0.25 - 0.5 acre 3 3 20 0 0 98
$617,000 1,916 0.25 - 0.5 acre 3 3 20 0 0 59
$477,750 1,355 8,000 - 10,000 sqft 2 3 32 0 0 80