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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Derby is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Derby, CT

How much do homes in Derby, CT cost?

Median Sold Price

$300,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$26,250(+9.6%)

Key Takeaway

Homes in Derby have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Derby was $300,000 in February 2024, up 9.6% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $170K$98.5K
-42.1%
2 $220K$260K
+18.2%
3 $285K$322.5K
+13.2%
4 $325K$350K
+7.7%
5+ $345K$380K
+10.1%

Summary: Derby housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.1%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Cities

Seymour
+16.1%
Ansonia
+11.7%
Woodbridge
+9.8%
Derby
+9.6%
Orange
+8.5%

Housing Supply in Derby, CT

How many homes are available in Derby, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3230-6.3%

Summary: The Derby real estate market had 30 homes for sale in February 2024, a 6.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1211
-8.3%
4 97
-22.2%
5+ 46
+50.0%

Summary: The Derby 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 decreased by 14.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Derby, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Derby in February 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Derby, 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 28 Days Ago

Newest Listings in Derby, CT

Nearby Markets to Derby, CT

What housing markets are near Derby, CT?