Is Derby, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Derby has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $98.5K | -42.1% |
2 Bedrooms | $220K | $260K | +18.2% |
3 Bedrooms | $285K | $322.5K | +13.2% |
4 Bedrooms | $325K | $350K | +7.7% |
5+ Bedrooms | $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 | $310K | $360K | +16.1% |
Ansonia | $300K | $335K | +11.7% |
Woodbridge | $600K | $658.5K | +9.8% |
Derby | $273.7K | $300K | +9.6% |
Orange | $497.5K | $540K | +8.5% |
Housing Supply in Derby, CT
How many homes are available in Derby, CT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 30 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 4 | 6 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 7 | -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
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