Is Morningside / Milford Lawns, 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, Morningside / Milford Lawns has remained a Seller's Market.
Key Takeaway
Morningside / Milford Lawns is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morningside / Milford Lawns, CT
How much do homes in Morningside / Milford Lawns, CT cost?
Median Sold Price
$445,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Morningside / Milford Lawns have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Morningside / Milford Lawns was $445,000 in March 2024, up 2.9% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186.7K | $215.7K | +15.5% |
| 2 Bedrooms | $315K | $340K | +7.9% |
| 3 Bedrooms | $470K | $470K | 0.0% |
| 4 Bedrooms | $555K | $653K | +17.7% |
| 5+ Bedrooms | $1.1M | $565K | -49.8% |
Summary: Morningside / Milford Lawns housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 7.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 49.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown / Harbor / Post Road South | $372.5K | $432.5K | +16.1% |
| Forest Heights / Post Road North | $340K | $371.5K | +9.3% |
| Morningside / Milford Lawns | $432.2K | $445K | +2.9% |
Housing Supply in Morningside / Milford Lawns, CT
How many homes are available in Morningside / Milford Lawns, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The Morningside / Milford Lawns real estate market had 39 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Morningside / Milford Lawns housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morningside / Milford Lawns, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Morningside / Milford Lawns in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Morningside / Milford Lawns, CT
We’re sorry, we don't have information for this market at the moment
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