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 October 2023

At the same time last year, Castle Rock was a Neutral 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

$657,310

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$22,689(-3.3%)

Key Takeaway

Homes in Castle Rock have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in Castle Rock was $657,310 in October 2024, down 3.3% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K$255K
+27.5%
2 $460K$472.5K
+2.7%
3 $580K$575K
-0.9%
4 $729.5K$702.9K
-3.6%
5+ $845K$849K
0.5%

Summary: Castle Rock housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Castle Pines North
-1.1%
Castle Rock
-3.3%
Sedalia
-6.4%

Housing Supply in Castle Rock, CO

How many homes are available in Castle Rock, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
703751+6.8%

Summary: The Castle Rock real estate market had 751 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 7085
+21.4%
3 212209
-1.4%
4 230256
+11.3%
5+ 189198
+4.8%

Summary: The Castle Rock housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
120142+18.3%

Asking Price vs. Sold Price

80 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

27 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. 56.3% of homes here sold below asking price last month.

Summary: A total of 142 homes were sold or pending in Castle Rock in October 2024, up by 18.3% month-over-month. Of the 142 sold homes, 56% were sold under asking, 25% 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

Oct 2023Oct 2024CHANGE
25 Days51 Days+104.6%

Summary: Homes in Castle Rock had an average of 51 days on market in Oct 2024, up by 104.6% compared to last year.

Breakdown of Home Sale Times

68 Homes Were Sold
Under 30 Days

49 Homes Were Sold
In 30 - 90 Days

25 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 October 2024, 142 homes were sold in Castle Rock; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% 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 20 Days Ago

Newest Listings in Castle Rock, CO

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