Is Cromwell, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cromwell has remained a Seller's Market.
Key Takeaway
Cromwell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cromwell, CT
How much do homes in Cromwell, CT cost?
Median Sold Price
$300,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cromwell have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Cromwell was $300,000 in March 2024, up 18.9% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.7K | $146.5K | +11.2% |
| 2 Bedrooms | $213.9K | $230K | +7.5% |
| 3 Bedrooms | $337.5K | $350.2K | +3.8% |
| 4 Bedrooms | $426.5K | $475K | +11.4% |
| 5+ Bedrooms | $428.5K | $727.5K | +69.8% |
Summary: Cromwell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 69.8%.
Median Sold Price Compared To Nearby Cities
| Cromwell | $252.3K | $300K | +18.9% |
| Rocky Hill | $304.6K | $335K | +10.0% |
| Middletown | $270K | $283.6K | +5.1% |
| Portland | $330K | $317.5K | -3.8% |
Housing Supply in Cromwell, CT
How many homes are available in Cromwell, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 48 | +2.1% |
Summary: The Cromwell real estate market had 48 homes for sale in March 2024, a 2.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cromwell housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cromwell, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Cromwell in March 2024, up by 66.7% month-over-month. Of the 15 sold homes, 27% were sold under asking, 7% were sold at asking, and 67% were sold over asking.
Days on Market for Cromwell, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.