Is Enfield, 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, Enfield has remained a Seller's Market.
Key Takeaway
Enfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Enfield, CT
How much do homes in Enfield, CT cost?
Median Sold Price
$280,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Enfield have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Enfield was $280,000 in March 2024, up 7.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.5K | $228K | +51.5% |
| 2 Bedrooms | $224.8K | $244.7K | +8.8% |
| 3 Bedrooms | $259.9K | $280K | +7.7% |
| 4 Bedrooms | $285K | $312K | +9.5% |
| 5+ Bedrooms | $279.5K | $313.7K | +12.3% |
Summary: Enfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.5%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Enfield | $260K | $280K | +7.7% |
| Somers | $395K | $420K | +6.3% |
| East Windsor | $280K | $290K | +3.6% |
| Longmeadow | $465K | $465K | 0.0% |
| Broad Brook | $331.5K | $329K | -0.8% |
Housing Supply in Enfield, CT
How many homes are available in Enfield, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 | 108 | -1.8% |
Summary: The Enfield real estate market had 108 homes for sale in March 2024, a 1.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 56 | 54 | -3.6% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Enfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Enfield, you could pay more than the asking price. 65.8% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Enfield in March 2024, up by 22.6% month-over-month. Of the 38 sold homes, 18% were sold under asking, 16% were sold at asking, and 66% were sold over asking.
Days on Market for Enfield, CT
How long does it take to sell a home in Enfield, CT?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Enfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 38 homes were sold in Enfield; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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