Is Parkway / Wheelers Farm Road, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Parkway / Wheelers Farm Road has remained a Seller's Market.
Key Takeaway
Parkway / Wheelers Farm Road is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkway / Wheelers Farm Road, CT
How much do homes in Parkway / Wheelers Farm Road, CT cost?
Median Sold Price
$587,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Parkway / Wheelers Farm Road have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Parkway / Wheelers Farm Road was $587,000 in April 2024, up 12.5% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $370K | - | N/A |
| 2 Bedrooms | $405K | $370.3K | -8.5% |
| 3 Bedrooms | $459K | $522.5K | +13.8% |
| 4 Bedrooms | $708K | $704K | -0.6% |
| 5+ Bedrooms | $610K | $560K | -8.2% |
Summary: Parkway / Wheelers Farm Road housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown / Harbor / Post Road South | $375K | $432.5K | +15.3% |
| Parkway / Wheelers Farm Road | $522K | $587K | +12.5% |
| Forest Heights / Post Road North | $337.5K | $371.5K | +10.1% |
| Naugatuck Gardens | $366.5K | $402K | +9.7% |
Housing Supply in Parkway / Wheelers Farm Road, CT
How many homes are available in Parkway / Wheelers Farm Road, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The Parkway / Wheelers Farm Road real estate market had 12 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Parkway / Wheelers Farm Road housing inventory by bedroom type for April 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 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Parkway / Wheelers Farm Road, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Parkway / Wheelers Farm Road in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Parkway / Wheelers Farm Road, CT
We’re sorry, we don't have information for this market at the moment
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