Is Killingly, 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, Killingly has remained a Seller's Market.
Key Takeaway
Killingly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Killingly, CT
How much do homes in Killingly, CT cost?
Median Sold Price
$312,250
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Killingly have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Killingly was $312,250 in March 2024, up 11.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.2K | $225K | +85.6% |
| 2 Bedrooms | $215K | $270K | +25.6% |
| 3 Bedrooms | $282.5K | $329.9K | +16.8% |
| 4 Bedrooms | $320K | $325K | +1.6% |
| 5+ Bedrooms | $305K | $296.5K | -2.8% |
Summary: Killingly housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.6%, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in Killingly, CT
How many homes are available in Killingly, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Summary: The Killingly real estate market had 43 homes for sale in March 2024, a 14.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 23 | 19 | -17.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Killingly housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Killingly, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Killingly in March 2024, down by 16.7% month-over-month. Of the 15 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for Killingly, CT
We’re sorry, we don't have information for this market at the moment
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