Market Report

New Castle, CO 81647

Single-Family Homes

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New Castle, CO 81647

Wed Mar 20 2019
This week the median list price for New Castle, CO 81647 is $524,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 26. 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

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

Wed Mar 20 2019
This week the median list price for New Castle, CO 81647 is $524,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 26. 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

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 $524,000
Per Square Foot $218
Days on Market 177
Price Decreased 35%
Price Increased 0%
Relisted 0%
Inventory 26
Median House Rent $2,300
Most Expensive $3,300,000
Least Expensive $250,000
Market Action Index
Slight Seller's Advantage 		33

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
$654,450 2,821 5 - 10 acres 3 3 13 0 0 213
$564,000 3,175 0.25 - 0.5 acre 4 3 12 1 0 156
$459,000 2,220 8,000 - 10,000 sqft 3 2 14 2 0 194
$334,000 1,468 6,500 - 8,000 sqft 3 2 18 2 1 149