Is Castle Rock, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Castle Rock has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $229.2K | -2.4% |
2 Bedrooms | $510K | $470K | -7.8% |
3 Bedrooms | $599.9K | $585.9K | -2.3% |
4 Bedrooms | $714.5K | $722.4K | +1.1% |
5+ Bedrooms | $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 | $913.7K | $936.6K | +2.5% |
Castle Rock | $672.4K | $674.5K | 0.3% |
Sedalia | $744.7K | $740.6K | -0.6% |
Housing Supply in Castle Rock, CO
How many homes are available in Castle Rock, CO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
580 | 693 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 59 | 68 | +15.3% |
3 Bedrooms | 183 | 218 | +19.1% |
4 Bedrooms | 205 | 241 | +17.6% |
5+ Bedrooms | 128 | 163 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
122 | 176 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
62 Days | 65 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
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.