Is Ledyard, 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, Ledyard was a Seller's Market.
Key Takeaway
Ledyard is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ledyard, CT
How much do homes in Ledyard, CT cost?
Median Sold Price
$355,550
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ledyard have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Ledyard was $355,550 in May 2024, up 9.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $150K | +76.5% |
| 2 Bedrooms | $143K | $163.5K | +14.3% |
| 3 Bedrooms | $309K | $338.7K | +9.6% |
| 4 Bedrooms | $395.9K | $417.7K | +5.5% |
| 5+ Bedrooms | $365.2K | $403K | +10.4% |
Summary: Ledyard housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Preston | $312.5K | $351K | +12.3% |
| Mystic | $449.5K | $499.9K | +11.2% |
| Gales Ferry | $320K | $353.8K | +10.6% |
| Ledyard | $325K | $355.5K | +9.4% |
Housing Supply in Ledyard, CT
How many homes are available in Ledyard, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The Ledyard real estate market had 56 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Ledyard 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ledyard, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Ledyard in May 2024, down by 25.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for Ledyard, CT
We’re sorry, we don't have information for this market at the moment
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