Is Canterbury, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canterbury is a seller's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Canterbury was a Neutral Market.

Key Takeaway

Canterbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Canterbury, CT

How much do homes in Canterbury, CT cost?

Median Sold Price

$352,500

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$55,500(+18.7%)

Key Takeaway

Homes in Canterbury have sold for 18.7% more than they did a year ago.

Summary: The median home sold price in Canterbury was $352,500 in August 2024, up 18.7% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $220K$276K
+25.5%
3 $350K$385K
+10.0%
4 $425K$350K
-17.6%
5+ $280K$340K
+21.4%

Summary: Canterbury housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 21.4%.

Median Sold Price Compared To Nearby Cities

Scotland
+32.1%
Canterbury
+18.7%
Baltic
+15.4%
Plainfield
+9.5%
Brooklyn
+3.8%

Housing Supply in Canterbury, CT

How many homes are available in Canterbury, CT?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1513-13.3%

Summary: The Canterbury real estate market had 13 homes for sale in August 2024, a 13.3% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 97
-22.2%
4 23
+50.0%
5+ 00
0.0%

Summary: The Canterbury housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canterbury, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Canterbury in August 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Canterbury, CT

How long does it take to sell a home in Canterbury, CT?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Canterbury has remained consistent over time.

Summary: During August 2024, 4 homes were sold in Canterbury; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Canterbury, CT

Nearby Markets to Canterbury, CT

What housing markets are near Canterbury, CT?