8z Weekly Real Estate Market Insights

Castle Rock, CO

Single-Family Homes

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Castle Rock, CO

Thu Nov 21 2024
This week the median list price for Castle Rock, CO is $790,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 370. Click here to stay informed with the Castle Rock market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

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.

Castle Rock, CO

Thu Nov 21 2024
This week the median list price for Castle Rock, CO is $790,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 370. Click here to stay informed with the Castle Rock market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

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 Castle Rock market.
Median List Price $790,000
Median Price of New Listings $715,000
Per Square Foot $284
Average Days on Market 89
Median Days on Market 70
Price Decreased 56%
Price Increased 4%
Relisted 6%
Inventory 370
Median Rent
Market Action 35
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change 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
$1,862,000 4,797 0.5 - 1 acre 4 4.3 16 4 4 98
$904,975 3,762 8,000 - 10,000 sqft 4 3.5 6 2 8 84
$700,000 2,747 4,500 - 6,500 sqft 4 2.5 6 6 6 49
$589,900 1,945 4,500 - 6,500 sqft 3 2.5 22 6 10 49