$5,046 Closing Credit*
$424,900
1,920 SqFt
4 Beds
•2 Full Baths
Amber DeBettencourt, Listing Office: ROVI Homes
Is Mansfield, 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, Mansfield has remained a Seller's Market.
Key Takeaway
Mansfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mansfield, CT
How much do homes in Mansfield, CT cost?
Median Sold Price
$319,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$19,000(+6.3%)
Key Takeaway
Homes in Mansfield have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Mansfield was $319,000 in August 2024, up 6.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $173.2K | +14.7% |
| 2 Bedrooms | $185K | $200K | +8.1% |
| 3 Bedrooms | $315K | $350K | +11.1% |
| 4 Bedrooms | $379K | $402.5K | +6.2% |
| 5+ Bedrooms | $395K | $478K | +21.0% |
Summary: Mansfield housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
| Coventry | $305K | $353.5K | +15.9% |
| Windham | $224K | $245K | +9.4% |
| Mansfield | $300K | $319K | +6.3% |
| Storrs Mansfield | $325K | $340K | +4.6% |
| Mansfield Center | $285K | $295.2K | +3.6% |
Housing Supply in Mansfield, CT
How many homes are available in Mansfield, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The Mansfield real estate market had 34 homes for sale in August 2024, a 5.6% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 7 | -41.7% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mansfield housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mansfield, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Mansfield in August 2024, up by 7.1% month-over-month. Of the 15 sold homes, 47% were sold under asking, 7% were sold at asking, and 47% were sold over asking.
Days on Market for Mansfield, CT
We’re sorry, we don't have information for this market at the moment
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