Market Report

New Castle, CO 81647

Single-Family Homes

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New Castle, CO 81647

Sun May 29 2022
This week the median list price for New Castle, CO 81647 is $625,000 with the market action index hovering around 53. This is an increase over last month's market action index of 50. Inventory has increased to 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

New Castle, CO 81647

Sun May 29 2022
This week the median list price for New Castle, CO 81647 is $625,000 with the market action index hovering around 53. This is an increase over last month's market action index of 50. Inventory has increased to 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the New Castle market.
Median List Price $625,000
Median Price of New Listings $689,000
Per Square Foot $217
Average Days on Market 69
Median Days on Market 39
Price Decreased 56%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 53
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$1,675,000 2,680 10 - 20 acres 3 2 10 0 0 98
$742,000 2,086 8,000 - 10,000 sqft 4 3 26 1 1 10
$376,500 1,500 6,500 - 8,000 sqft 3 2 24 0 0 31
$112,450 924 - 3 1.5 51 0 1 87