Is Wallingford, 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, Wallingford has remained a Seller's Market.
Key Takeaway
Wallingford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wallingford, CT
How much do homes in Wallingford, CT cost?
Median Sold Price
$345,100
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wallingford have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Wallingford was $345,100 in May 2024, up 6.6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $123.7K | +7.6% |
| 2 Bedrooms | $228K | $266K | +16.7% |
| 3 Bedrooms | $332.2K | $361K | +8.7% |
| 4 Bedrooms | $385K | $461.5K | +19.9% |
| 5+ Bedrooms | $445K | $527.5K | +18.6% |
Summary: Wallingford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Meriden | $240.1K | $275K | +14.5% |
| North Branford | $370K | $408K | +10.3% |
| Northford | $410K | $441.5K | +7.7% |
| Wallingford | $323.7K | $345.1K | +6.6% |
| North Haven | $391.1K | $415.2K | +6.2% |
Housing Supply in Wallingford, CT
How many homes are available in Wallingford, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 95 | +3.3% |
Summary: The Wallingford real estate market had 95 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 29 | 24 | -17.2% |
| 3 Bedrooms | 36 | 43 | +19.4% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Wallingford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wallingford, you could pay more than the asking price. 69.7% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Wallingford in May 2024, up by 26.9% month-over-month. Of the 33 sold homes, 15% were sold under asking, 15% were sold at asking, and 70% were sold over asking.
Days on Market for Wallingford, CT
We’re sorry, we don't have information for this market at the moment
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