Is Litchfield, 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, Litchfield has remained a Seller's Market.
Housing Prices in Litchfield, CT
How much do homes in Litchfield, CT cost?
Median Sold Price
$488,750
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Litchfield was $488,750 in March 2024, down 4.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $74.9K | N/A |
2 Bedrooms | $320K | $387.2K | +21.0% |
3 Bedrooms | $470.5K | $470K | -0.1% |
4 Bedrooms | $630K | $570K | -9.5% |
5+ Bedrooms | $1.0M | $1.3M | +27.2% |
Summary: Litchfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 27.2%.
Housing Supply in Litchfield, CT
How many homes are available in Litchfield, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 30 | +20.0% |
Summary: The Litchfield real estate market had 30 homes for sale in March 2024, a 20.0% increase 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 | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Litchfield 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Litchfield in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Litchfield, CT
We’re sorry, we don't have information for this market at the moment