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 April 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

$674,500

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,500(-0.8%)

Key Takeaway

Homes in Castle Rock have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Castle Rock was $674,500 in April 2024, down 0.8% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $220K$430K
+95.5%
2 $487.5K$470K
-3.6%
3 $589K$585K
-0.7%
4 $745K$712.5K
-4.4%
5+ $885K$850K
-4.0%

Summary: Castle Rock housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.5%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

Sedalia
+0.8%
Castle Rock
-0.8%
Castle Pines North
-1.5%

Housing Supply in Castle Rock, CO

How many homes are available in Castle Rock, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
394585+48.5%

Summary: The Castle Rock real estate market had 585 homes for sale in April 2024, a 48.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 13
+200.0%
2 4053
+32.5%
3 105158
+50.5%
4 142208
+46.5%
5+ 106163
+53.8%

Summary: The Castle Rock housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 50.5%, 4 bedroom homes increased by 46.5%, and 5+ bedroom homes increased by 53.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
68130+91.2%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

40 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. 43.8% of homes here sold below asking price last month.

Summary: A total of 130 homes were sold or pending in Castle Rock in April 2024, up by 91.2% month-over-month. Of the 130 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% 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

Apr 2023Apr 2024CHANGE
22 Days33 Days+53.1%

Summary: Homes in Castle Rock had an average of 33 days on market in Apr 2024, up by 53.1% compared to last year.

Breakdown of Home Sale Times

96 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

16 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 April 2024, 130 homes were sold in Castle Rock; 74% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 12% 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 1 Day Ago

Newest Listings in Castle Rock, CO

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