Is Suffield, 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, Suffield has remained a Seller's Market.
Housing Prices in Suffield, CT
How much do homes in Suffield, CT cost?
Median Sold Price
$438,950
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Suffield was $438,950 in May 2024, up 9.2% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $265K | $295K | +11.3% |
3 Bedrooms | $360K | $450K | +25.0% |
4 Bedrooms | $470.5K | $550K | +16.9% |
5+ Bedrooms | $590K | $742.5K | +25.8% |
Summary: Suffield 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 increased by 11.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
West Suffield | $355K | $498K | +40.3% |
Southwick | $380K | $431.2K | +13.5% |
Suffield | $402K | $438.9K | +9.2% |
Feeding Hills | $340K | $350K | +2.9% |
East Granby | $355K | $356K | 0.3% |
Housing Supply in Suffield, CT
How many homes are available in Suffield, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 55 | +37.5% |
Summary: The Suffield real estate market had 55 homes for sale in May 2024, a 37.5% 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 | 9 | 10 | +11.1% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 14 | 19 | +35.7% |
5+ Bedrooms | 3 | 9 | +200.0% |
Summary: The Suffield 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 11.1%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Suffield in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Suffield, CT
We’re sorry, we don't have information for this market at the moment