Is Niantic, 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, Niantic has remained a Seller's Market.
Key Takeaway
Niantic is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Niantic, CT
How much do homes in Niantic, CT cost?
Median Sold Price
$449,500
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Niantic have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Niantic was $449,500 in March 2024, up 16.8% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183K | $225.4K | +23.2% |
| 2 Bedrooms | $310K | $334.9K | +8.0% |
| 3 Bedrooms | $389K | $455K | +17.0% |
| 4 Bedrooms | $407K | $540K | +32.7% |
| 5+ Bedrooms | $625K | $610K | -2.4% |
Summary: Niantic housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in Niantic, CT
How many homes are available in Niantic, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 44 | +22.2% |
Summary: The Niantic real estate market had 44 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Niantic housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
2 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 Niantic, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Niantic in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for Niantic, CT
We’re sorry, we don't have information for this market at the moment
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