Is Cheshire, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Cheshire has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $141.5K | -4.1% |
2 Bedrooms | $255K | $290.7K | +14.0% |
3 Bedrooms | $387.5K | $415K | +7.1% |
4 Bedrooms | $549.9K | $595K | +8.2% |
5+ Bedrooms | $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 | $294.6K | $350K | +18.8% |
Meriden | $240.2K | $265.9K | +10.7% |
Wallingford | $320K | $332.3K | +3.9% |
Cheshire | $420K | $435K | +3.6% |
Prospect | $359.9K | $372.5K | +3.5% |
Housing Supply in Cheshire, CT
How many homes are available in Cheshire, CT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
54 | 58 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 5 | 5 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
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