$145,000
2.31 Acres
Land
Julia Cordos, Listing Office: eXp Realty
Is Higganum, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Higganum has remained a Seller's Market.
Key Takeaway
Higganum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Higganum, CT
How much do homes in Higganum, CT cost?
Median Sold Price
$430,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$35,000(+8.9%)
Key Takeaway
Homes in Higganum have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Higganum was $430,000 in August 2024, up 8.9% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | $227.4K | $318.4K | +40.0% |
| 3 Bedrooms | $377.5K | $400K | +6.0% |
| 4 Bedrooms | $569K | $559K | -1.8% |
| 5+ Bedrooms | $386.2K | $382K | -1.1% |
Summary: Higganum housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Killingworth | $465K | $590K | +26.9% |
| Higganum | $395K | $430K | +8.9% |
| Haddam | $407.5K | $435K | +6.7% |
| Durham | $415K | $437.5K | +5.4% |
Housing Supply in Higganum, CT
How many homes are available in Higganum, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The Higganum real estate market had 23 homes for sale in August 2024, a 14.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Higganum housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Higganum, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Higganum in August 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Higganum, CT
We’re sorry, we don't have information for this market at the moment
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