Is Castle Rock, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Castle Rock is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Castle Rock has remained a Seller's Market.

Key Takeaway

Castle Rock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Castle Rock, CO

How much do homes in Castle Rock, CO cost?

Median Sold Price

$674,578

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$2,120(+0.3%)

Key Takeaway

The sold price of homes in Castle Rock has remained the same since last year.

Summary: The median home sold price in Castle Rock was $674,578 in February 2024, up 0.3% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $235K$229.2K
-2.4%
2 $510K$470K
-7.8%
3 $599.9K$585.9K
-2.3%
4 $714.5K$722.4K
+1.1%
5+ $857.2K$845.9K
-1.3%

Summary: Castle Rock housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Cities

Castle Pines North
+2.5%
Castle Rock
0.3%
Sedalia
-0.6%

Housing Supply in Castle Rock, CO

How many homes are available in Castle Rock, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
580693+19.5%

Summary: The Castle Rock real estate market had 693 homes for sale in February 2024, a 19.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 53
-40.0%
2 5968
+15.3%
3 183218
+19.1%
4 205241
+17.6%
5+ 128163
+27.3%

Summary: The Castle Rock housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
122176+44.3%

Asking Price vs. Sold Price

97 Homes Were Sold
Under Asking

46 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castle Rock, you may be able to get a good deal. 55.1% of homes here sold below asking price last month.

Summary: A total of 176 homes were sold or pending in Castle Rock in February 2024, up by 44.3% month-over-month. Of the 176 sold homes, 55% were sold under asking, 26% were sold at asking, and 19% were sold over asking.

Days on Market for Castle Rock, CO

How long does it take to sell a home in Castle Rock, CO?

Average Sale Time

Feb 2023Feb 2024CHANGE
62 Days65 Days+5.3%

Summary: Homes in Castle Rock had an average of 65 days on market in Feb 2024, up by 5.3% compared to last year.

Breakdown of Home Sale Times

63 Homes Were Sold
Under 30 Days

57 Homes Were Sold
In 30 - 90 Days

56 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Castle Rock are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 176 homes were sold in Castle Rock; 36% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Castle Rock, CO

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