Market Report

New Castle, CO 81647

Single-Family Homes

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New Castle, CO 81647

Mon Jun 24 2024
This week the median list price for New Castle, CO 81647 is $850,000 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has increased to 17. 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

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

Mon Jun 24 2024
This week the median list price for New Castle, CO 81647 is $850,000 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has increased to 17. 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

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 $850,000
Median Price of New Listings $960,000
Per Square Foot $425
Average Days on Market 102
Median Days on Market 56
Price Decreased 35%
Price Increased 6%
Relisted 6%
Inventory 17
Median Rent
Market Action 44
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,732,500 3,761 6,500 - 8,000 sqft 4 4.5 64 0 0 119
$1,085,000 2,413 0.25 - 0.5 acre 3 2.5 22 1 0 136
$772,812 1,875 0.25 - 0.5 acre 2 3 4 1 0 42
$649,000 1,644 6,500 - 8,000 sqft 3 2 29 0 1 14