Is Ellington, 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, Ellington has remained a Seller's Market.
Key Takeaway
Ellington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellington, CT
How much do homes in Ellington, CT cost?
Median Sold Price
$372,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ellington have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Ellington was $372,000 in May 2024, up 3.3% 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 | $165K | $195K | +18.2% |
| 2 Bedrooms | $280K | $243K | -13.2% |
| 3 Bedrooms | $370K | $380K | +2.7% |
| 4 Bedrooms | $442.4K | $489.9K | +10.7% |
| 5+ Bedrooms | $365.5K | $496.5K | +35.8% |
Summary: Ellington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 35.8%.
Median Sold Price Compared To Nearby Cities
| Tolland | $345K | $374K | +8.4% |
| Somers | $394.6K | $425K | +7.7% |
| Vernon Rockville | $260K | $279.9K | +7.7% |
| Vernon | $260K | $279.9K | +7.7% |
| Ellington | $360K | $372K | +3.3% |
Housing Supply in Ellington, CT
How many homes are available in Ellington, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 41 | -4.7% |
Summary: The Ellington real estate market had 41 homes for sale in May 2024, a 4.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 1 | -85.7% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Ellington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 85.7%, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellington, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Ellington in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Ellington, CT
We’re sorry, we don't have information for this market at the moment
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