Market Report

New Castle, CO 81647

Single-Family Homes

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New Castle, CO 81647

Sun Jul 21 2019
This week the median list price for New Castle, CO 81647 is $499,900 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 37. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

New Castle, CO 81647

Sun Jul 21 2019
This week the median list price for New Castle, CO 81647 is $499,900 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 37. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the New Castle market.
Median List Price $499,900
Per Square Foot $200
Days on Market 97
Price Decreased 49%
Price Increased 3%
Relisted 3%
Inventory 37
Median House Rent
Most Expensive $2,500,000
Least Expensive $239,000
Market Action Index
Slight Seller's Advantage
38

Prices in this zip code seem to have settled around a 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
$773,900 3,178 2.5 - 5 acres 4 3 15 5 1 183
$539,000 2,484 0.25 - 0.5 acre 5 3 14 1 0 110
$458,000 2,168 4,500 - 6,500 sqft 3 3 12 1 1 43
$339,500 1,627 4,500 - 6,500 sqft 3 2 22 2 2 57