Is Colchester, 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, Colchester has remained a Seller's Market.
Housing Prices in Colchester, CT
How much do homes in Colchester, CT cost?
Median Sold Price
$400,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Colchester was $400,000 in May 2024, up 14.1% 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 | - | $376K | N/A |
2 Bedrooms | $190K | $190K | 0.0% |
3 Bedrooms | $351K | $399.9K | +13.9% |
4 Bedrooms | $445K | $476K | +7.0% |
5+ Bedrooms | $392.5K | $485K | +23.6% |
Summary: Colchester 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 did not change, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
Marlborough | $340K | $415K | +22.1% |
Hebron | $360K | $425K | +18.1% |
Colchester | $350.6K | $400K | +14.1% |
Amston | $384.5K | $400K | +4.0% |
Moodus | $302.5K | $282.5K | -6.6% |
Housing Supply in Colchester, CT
How many homes are available in Colchester, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 63 | +12.5% |
Summary: The Colchester real estate market had 63 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 31 | 30 | -3.2% |
4 Bedrooms | 10 | 16 | +60.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Colchester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 16 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Colchester in May 2024, down by 20.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 13% were sold at asking, and 69% were sold over asking.
Days on Market for Colchester, CT
We’re sorry, we don't have information for this market at the moment