Is Redding, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Redding was a Seller's Market.
Housing Prices in Redding, CT
How much do homes in Redding, CT cost?
Median Sold Price
$789,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Redding was $789,000 in May 2024, down 2% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $329.9K | $390.5K | +18.4% |
2 Bedrooms | $535K | $525K | -1.9% |
3 Bedrooms | $697.5K | $750K | +7.5% |
4 Bedrooms | $868K | $817.5K | -5.8% |
5+ Bedrooms | $1.0M | $962.5K | -4.5% |
Summary: Redding housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in Redding, CT
How many homes are available in Redding, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 40 | +2.6% |
Summary: The Redding real estate market had 40 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Redding housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Redding in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Redding, CT
We’re sorry, we don't have information for this market at the moment