Is Ledyard, 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, Ledyard has remained a Seller's Market.
Key Takeaway
Ledyard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ledyard, CT
How much do homes in Ledyard, CT cost?
Median Sold Price
$350,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ledyard have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Ledyard was $350,000 in March 2024, up 9.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $112.5K | +32.4% |
| 2 Bedrooms | $143.5K | $160K | +11.5% |
| 3 Bedrooms | $305K | $332K | +8.9% |
| 4 Bedrooms | $390K | $410.5K | +5.3% |
| 5+ Bedrooms | $350K | $430K | +22.9% |
Summary: Ledyard housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.4%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Mystic | $438K | $510K | +16.4% |
| Ledyard | $320K | $350K | +9.4% |
| Gales Ferry | $320K | $345K | +7.8% |
Housing Supply in Ledyard, CT
How many homes are available in Ledyard, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 45 | -15.1% |
Summary: The Ledyard real estate market had 45 homes for sale in March 2024, a 15.1% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Ledyard 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 20%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ledyard, you could pay more than the asking price. 68.2% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Ledyard in March 2024, up by 37.5% month-over-month. Of the 22 sold homes, 32% were sold under asking, 0% were sold at asking, and 68% were sold over asking.
Days on Market for Ledyard, CT
We’re sorry, we don't have information for this market at the moment
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