Is Downtown, 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, Downtown has remained a Seller's Market.
Key Takeaway
Downtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Downtown, CT
How much do homes in Downtown, CT cost?
Median Sold Price
$353,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Downtown have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Downtown was $353,000 in March 2024, up 5.4% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $262K | +8.0% |
| 2 Bedrooms | $379.5K | $411.2K | +8.4% |
| 3 Bedrooms | $650K | $650K | 0.0% |
| 4 Bedrooms | $502K | $775K | +54.4% |
| 5+ Bedrooms | $775K | $899K | +16.0% |
Summary: Downtown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 8.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 54.4%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Neighborhoods
| Glenbrook | $345K | $395K | +14.5% |
| Hubbard Heights | $473K | $510K | +7.8% |
| Downtown | $335K | $353K | +5.4% |
| Shippan | $439.5K | $426.7K | -2.9% |
Housing Supply in Downtown, CT
How many homes are available in Downtown, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 41 | -10.9% |
Summary: The Downtown real estate market had 41 homes for sale in March 2024, a 10.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 23 | 21 | -8.7% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Downtown in March 2024, down by 26.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Downtown, CT
We’re sorry, we don't have information for this market at the moment
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