$8,894 Closing Credit*
$749,000
3,265 SqFt
5 Beds
•3 Full Baths, 1 Partial
Sam Ratner, Listing Office: Keller Williams Realty Prtnrs.
Is Cheshire, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$455,333
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$33,333(+7.9%)
Key Takeaway
Homes in Cheshire have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Cheshire was $455,333 in August 2024, up 7.9% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141K | $150.2K | +6.5% |
| 2 Bedrooms | $284.1K | $295.3K | +4.0% |
| 3 Bedrooms | $398.5K | $431.4K | +8.3% |
| 4 Bedrooms | $574K | $605K | +5.4% |
| 5+ Bedrooms | $622.5K | $577.9K | -7.2% |
Summary: Cheshire housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Meriden | $249.9K | $285K | +14.0% |
| Plantsville | $336.2K | $368K | +9.4% |
| Cheshire | $422K | $455.3K | +7.9% |
| Wallingford | $325K | $350K | +7.7% |
| Prospect | $369K | $380K | +3.0% |
Housing Supply in Cheshire, CT
How many homes are available in Cheshire, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 98 | 100 | +2.0% |
Summary: The Cheshire real estate market had 100 homes for sale in August 2024, a 2.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 42 | 44 | +4.8% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Cheshire 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 increased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheshire, you could pay more than the asking price. 72% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Cheshire in August 2024, down by 3.8% month-over-month. Of the 25 sold homes, 16% were sold under asking, 12% were sold at asking, and 72% were sold over asking.
Days on Market for Cheshire, CT
We’re sorry, we don't have information for this market at the moment
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