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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coventry is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Coventry, CT

How much do homes in Coventry, CT cost?

Median Sold Price

$335,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$36,050(+12.1%)

Key Takeaway

Homes in Coventry have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Coventry was $335,000 in February 2024, up 12.1% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $200K$198.5K
-0.8%
2 $224.9K$215K
-4.4%
3 $299.9K$340K
+13.4%
4 $389.9K$492.5K
+26.3%
5+ $385K$613.6K
+59.4%

Summary: Coventry housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 59.4%.

Median Sold Price Compared To Nearby Cities

Andover
+37.4%
Coventry
+12.1%
Mansfield
+10.0%

Housing Supply in Coventry, CT

How many homes are available in Coventry, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2720-25.9%

Summary: The Coventry real estate market had 20 homes for sale in February 2024, a 25.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 66
0.0%
3 1110
-9.1%
4 52
-60.0%
5+ 41
-75.0%

Summary: The Coventry 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 decreased by 9.1%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 75%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coventry, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Coventry in February 2024, down by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.

Days on Market for Coventry, 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 Coventry, CT

Nearby Markets to Coventry, CT

What housing markets are near Coventry, CT?