Is East Haddam, 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, East Haddam has remained a Seller's Market.
Key Takeaway
East Haddam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Haddam, CT
How much do homes in East Haddam, CT cost?
Median Sold Price
$354,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Haddam have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in East Haddam was $354,000 in March 2024, up 4.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $156.5K | +18.1% |
| 2 Bedrooms | $251K | $257.4K | +2.6% |
| 3 Bedrooms | $365K | $392.5K | +7.5% |
| 4 Bedrooms | $425K | $475K | +11.8% |
| 5+ Bedrooms | $460.9K | $221K | -52.1% |
Summary: East Haddam housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 52.1%.
Median Sold Price Compared To Nearby Cities
| Haddam | $390K | $446.5K | +14.5% |
| Colchester | $350K | $399.9K | +14.3% |
| East Haddam | $339.6K | $354K | +4.2% |
| East Hampton | $345.8K | $349K | +0.9% |
| Moodus | $302.5K | $280K | -7.4% |
Housing Supply in East Haddam, CT
How many homes are available in East Haddam, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 39 | +50.0% |
Summary: The East Haddam real estate market had 39 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The East Haddam housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Haddam, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in East Haddam in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for East Haddam, CT
We’re sorry, we don't have information for this market at the moment
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