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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheshire is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Cheshire has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cheshire, CT

How much do homes in Cheshire, CT cost?

Median Sold Price

$435,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,000(+3.6%)

Key Takeaway

Homes in Cheshire have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Cheshire was $435,000 in February 2024, up 3.6% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $147.5K$141.5K
-4.1%
2 $255K$290.7K
+14.0%
3 $387.5K$415K
+7.1%
4 $549.9K$595K
+8.2%
5+ $606K$625K
+3.1%

Summary: Cheshire housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

Plantsville
+18.8%
Meriden
+10.7%
Wallingford
+3.9%
Cheshire
+3.6%
Prospect
+3.5%

Housing Supply in Cheshire, CT

How many homes are available in Cheshire, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5458+7.4%

Summary: The Cheshire real estate market had 58 homes for sale in February 2024, a 7.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 76
-14.3%
3 1417
+21.4%
4 2730
+11.1%
5+ 55
0.0%

Summary: The Cheshire housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12120.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheshire, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Cheshire in February 2024, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.

Days on Market for Cheshire, CT

We’re sorry, we don't have information for this market at the moment

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

Report Updated 27 Days Ago

Newest Listings in Cheshire, CT

Nearby Markets to Cheshire, CT

What housing markets are near Cheshire, CT?