Is Cornwall Bridge, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cornwall Bridge is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Cornwall Bridge, CT

How much do homes in Cornwall Bridge, CT cost?

Median Sold Price

$475,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$20,000(-4.0%)

Key Takeaway

Homes in Cornwall Bridge have sold for 4% less than they did a year ago.

Summary: The median home sold price in Cornwall Bridge was $475,000 in February 2024, down 4% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $175K-
N/A
2 $700K$303.5K
-56.6%
3 $423.9K$365.1K
-13.9%
4 $875K$500K
-42.9%
5+ $1.1M$1.1M
+3.9%

Summary: Cornwall Bridge housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.6%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 3.9%.

Housing Supply in Cornwall Bridge, CT

How many homes are available in Cornwall Bridge, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
69+50.0%

Summary: The Cornwall Bridge real estate market had 9 homes for sale in February 2024, a 50.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 01
+100.0%
4 57
+40.0%
5+ 00
0.0%

Summary: The Cornwall Bridge housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Cornwall Bridge in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Cornwall Bridge, 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 Cornwall Bridge, CT

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What housing markets are near Cornwall Bridge, CT?