Is Pomfret, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pomfret is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Pomfret was a Neutral Market.

Key Takeaway

Pomfret is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pomfret, CT

How much do homes in Pomfret, CT cost?

Median Sold Price

$454,950

$196/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$57,550(-11.2%)

Key Takeaway

Homes in Pomfret have sold for 11.2% less than they did a month ago.

Summary: The median home sold price in Pomfret was $454,950 in August 2024, down 11.2% from last month, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 -$700K
N/A
3 $512.5K-
N/A
4 -$209.9K
N/A
5+ --
N/A

Summary: Pomfret housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pomfret Center
+7.0%
Pomfret
-11.2%

Housing Supply in Pomfret, CT

How many homes are available in Pomfret, CT?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1416+14.3%

Summary: The Pomfret real estate market had 16 homes for sale in August 2024, a 14.3% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 67
+16.7%
4 55
0.0%
5+ 22
0.0%

Summary: The Pomfret housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pomfret, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Pomfret in August 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Pomfret, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Pomfret, CT

Nearby Markets to Pomfret, CT

What housing markets are near Pomfret, CT?