Is Deep River, 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, Deep River has remained a Seller's Market.
Key Takeaway
Deep River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deep River, CT
How much do homes in Deep River, CT cost?
Median Sold Price
$357,550
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Deep River have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Deep River was $357,550 in March 2024, up 16.3% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | $194.5K | +17.2% |
| 2 Bedrooms | $222K | $240K | +8.1% |
| 3 Bedrooms | $349.5K | $410K | +17.3% |
| 4 Bedrooms | $515K | $700K | +35.9% |
| 5+ Bedrooms | $4.1M | $380K | -90.7% |
Summary: Deep River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 35.9%, and 5+ bedroom homes decreased by 90.7%.
Median Sold Price Compared To Nearby Cities
| Deep River | $307.5K | $357.5K | +16.3% |
| Ivoryton | $392K | $420K | +7.1% |
| Chester | $420K | $428K | +1.9% |
| Essex | $537K | $530K | -1.3% |
Housing Supply in Deep River, CT
How many homes are available in Deep River, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Deep River real estate market had 13 homes for sale in March 2024, a 7.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Deep River housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deep River, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Deep River in March 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Deep River, CT
We’re sorry, we don't have information for this market at the moment
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