Is Pomfret Center, 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, Pomfret Center was a Seller's Market.
Key Takeaway
Pomfret Center 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 Pomfret Center, CT
How much do homes in Pomfret Center, CT cost?
Median Sold Price
$423,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pomfret Center have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Pomfret Center was $423,000 in May 2024, up 9.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $259K | $110K | -57.5% |
| 3 Bedrooms | $385K | $423K | +9.9% |
| 4 Bedrooms | $500K | $474.5K | -5.1% |
| 5+ Bedrooms | $670K | $447.5K | -33.2% |
Summary: Pomfret Center housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 57.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 33.2%.
Housing Supply in Pomfret Center, CT
How many homes are available in Pomfret Center, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Pomfret Center real estate market had 19 homes for sale in May 2024, a 26.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pomfret Center 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 remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pomfret Center, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Pomfret Center in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Pomfret Center, CT
We’re sorry, we don't have information for this market at the moment
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