Is Cromwell, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cromwell has remained a Seller's Market.
Key Takeaway
Cromwell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cromwell, CT
How much do homes in Cromwell, CT cost?
Median Sold Price
$296,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cromwell have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Cromwell was $296,500 in April 2024, up 9.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $148K | +10.4% |
| 2 Bedrooms | $215K | $225K | +4.7% |
| 3 Bedrooms | $347.5K | $352K | +1.3% |
| 4 Bedrooms | $426.5K | $472.5K | +10.8% |
| 5+ Bedrooms | $461K | $727.5K | +57.8% |
Summary: Cromwell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 57.8%.
Median Sold Price Compared To Nearby Cities
| Rocky Hill | $303.2K | $342.5K | +12.9% |
| Cromwell | $270K | $296.5K | +9.8% |
| Middletown | $275.6K | $292.5K | +6.1% |
| Portland | $330K | $320K | -3.0% |
Housing Supply in Cromwell, CT
How many homes are available in Cromwell, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 53 | +10.4% |
Summary: The Cromwell real estate market had 53 homes for sale in April 2024, a 10.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Cromwell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cromwell, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Cromwell in April 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Cromwell, CT
We’re sorry, we don't have information for this market at the moment
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