Is Derby, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Derby has remained a Seller's Market.
Housing Prices in Derby, CT
How much do homes in Derby, CT cost?
Median Sold Price
$309,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Derby was $309,000 in May 2024, up 15% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $92K | -45.9% |
2 Bedrooms | $225K | $265K | +17.8% |
3 Bedrooms | $277.5K | $330K | +18.9% |
4 Bedrooms | $320K | $378.5K | +18.3% |
5+ Bedrooms | $349K | $400K | +14.6% |
Summary: Derby housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
Seymour | $315K | $379K | +20.3% |
Ansonia | $300K | $355K | +18.3% |
Derby | $268.7K | $309K | +15.0% |
Orange | $490K | $540K | +10.2% |
Woodbridge | $607K | $664.2K | +9.4% |
Housing Supply in Derby, CT
How many homes are available in Derby, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Summary: The Derby real estate market had 42 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Derby housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Derby in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Derby, CT
We’re sorry, we don't have information for this market at the moment