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Featured local agent — New Castle, CO
Sarah Mitchell
Compass Real Estate · New Castle, CO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Castle, CO Housing Market & Real Estate
Housing market overview · Updated monthly ·
$554,500median sale price
How is the New Castle, CO housing market right now?
The median home sale price in New Castle, CO is $554,500, down 13.2% year-over-year. Homes sell in an average of 37 days with 43 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Castle a buyer's or seller's market?
New Castle, CO is currently a leaning buyer's, based on 21.5 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
37
Average pace
Active listings
43
21.5 months supply
Sale-to-list
100.0%
Above asking
What does the New Castle housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $554,500 |
| Median list price | $680,000 |
| Year-over-year price change | -13.2% |
| Average days on market | 37 days |
| Active inventory | 43 listings |
| Months of supply | 21.5 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $361/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 9 |
| Listings with a price cut | 30.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in New Castle by property type?
How the New Castle, CO market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $757,500 | $442/sq ft | 6 | 44 days |
| Condo / Co-op | $343,000 | $325/sq ft | 1 | 60 days |
| Townhouse | $554,500 | $361/sq ft | 2 | 37 days |
Source: Redfin · Updated monthly
The New Castle housing market is currently classified as a leaning buyer's with a median sale price of $554,500. Prices have fallen 13.2% compared to last year, with homes spending an average of 37 days on market, indicating 21.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in New Castle
There are currently 43 homes listed for sale in New Castle, Colorado. The median listing price is $680K.
Active listings
43
Homes on market
Median list price
$680K
Avg. days on market
37
Days until sale
New this week
9
Newly listed
Who lives in New Castle?
Population
4,878
Median income
$88,421/yr
Median age
37.4 years
Owner-occupied
70.8%
College grads
36.4%
Avg commute
31.8 min
Source: U.S. Census Bureau ACS
What are homes worth in New Castle?
Zillow home value
$651,273
Zillow rent index
$2,578/mo
Price-to-rent ratio
21.1x
Price-to-income
7.4x
Source: Zillow Research
What is it like to live in New Castle?
New Castle is a community of approximately 5K residents with a median age of 37.4 years.The median household income is $88,421, which reflects a relatively affluent area with strong earning potential. 36.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 70.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, New Castle offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Castle?
4 schools tracked · 1,621 students
The largest public schools serving New Castle, CO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Coal Ridge High School
Grades 9-12 · 629 students
Riverside School
Grades 6-8 · 440 students
Kathryn Senor Elementary School
Grades PK-5 · 286 students
Elk Creek Elementary
Grades PK-5 · 266 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near New Castle, CO?
Want a head-to-head view? Compare New Castle side-by-side with any other U.S. city using our market-comparison tool.
Is New Castle a good real estate investment market?
For investors evaluating New Castle, the price-to-rent ratio of 21.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 13.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New Castle's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Castle's median home price.
Frequently asked questions
What is the average home price in New Castle?
The median home sale price in New Castle is $554,500, down 13.2% from last year.
How long do homes stay on market in New Castle?
Homes typically spend 37 days on market before going under contract.
What is the median income in New Castle?
The median household income is $88,421 per year.
Is New Castle a buyer's or seller's market?
With 21.5 months of supply, New Castle is currently a leaning buyer's.
What is the Zillow home value estimate for New Castle?
The Zillow Home Value Index (ZHVI) for New Castle is $651,273, representing the typical home value in the area.
What is the median condo price in New Castle?
The median condo/co-op sale price in New Castle, CO is $343,000, compared to $757,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Castle?
The median single-family home price in New Castle, CO is $757,500 (about $442 per square foot).
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