Market Report

New Castle, CO 81647

Single-Family Homes

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New Castle, CO 81647

Thu Sep 20 2018
This week the median list price for New Castle, CO 81647 is $507,950 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has held steady at or around 34. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Sep 20 2018
This week the median list price for New Castle, CO 81647 is $507,950 with the market action index hovering around 35. This is less than last month's market action index of 38. Inventory has held steady at or around 34. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $507,950
Per Square Foot $193
Days on Market 117
Price Decreased 44%
Price Increased 0%
Relisted 6%
Inventory 34
Median House Rent
Most Expensive $795,500
Least Expensive $271,000
Market Action Index
Slight Seller's Advantage
35

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
$680,000 3,215 0.5 - 1 acre 4 3 13 0 0 184
$578,500 3,921 0.25 - 0.5 acre 4 3 12 2 0 123
$433,000 2,184 8,000 - 10,000 sqft 4 3 19 2 3 88
$318,000 1,246 4,500 - 6,500 sqft 3 2 21 3 0 80