Is Montville, 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, Montville has remained a Seller's Market.
Housing Prices in Montville, CT
How much do homes in Montville, CT cost?
Median Sold Price
$299,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montville was $299,500 in March 2024, up 7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $184.7K | $212.5K | +15.0% |
2 Bedrooms | $208K | $206K | -1.0% |
3 Bedrooms | $280K | $310K | +10.7% |
4 Bedrooms | $322.4K | $360K | +11.6% |
5+ Bedrooms | $305K | $380K | +24.6% |
Summary: Montville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
Uncasville | $260K | $294.9K | +13.4% |
Norwich | $215K | $231.4K | +7.6% |
Montville | $280K | $299.5K | +7.0% |
Oakdale | $310.5K | $320K | +3.1% |
Housing Supply in Montville, CT
How many homes are available in Montville, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 46 | +15.0% |
Summary: The Montville real estate market had 46 homes for sale in March 2024, a 15.0% 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 | 8 | 10 | +25.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Montville 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 increased by 25%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 21 | +320.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Montville in March 2024, up by 320.0% month-over-month. Of the 21 sold homes, 33% were sold under asking, 5% were sold at asking, and 62% were sold over asking.
Days on Market for Montville, CT
We’re sorry, we don't have information for this market at the moment