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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pomfret Center is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Pomfret Center has remained a Seller's Market.

Key Takeaway

Pomfret Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pomfret Center, CT

How much do homes in Pomfret Center, CT cost?

Median Sold Price

$395,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+2.6%)

Key Takeaway

Homes in Pomfret Center have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Pomfret Center was $395,000 in September 2024, up 2.6% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $150K$313.4K
+109.0%
3 $415K$397.5K
-4.2%
4 $415K$395K
-4.8%
5+ $370K$755K
+104.1%

Summary: Pomfret Center housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 109%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 104.1%.

Median Sold Price Compared To Nearby Cities

Putnam
+8.0%
Pomfret Center
+2.6%
Pomfret
+0.6%
Woodstock
0.2%

Housing Supply in Pomfret Center, CT

How many homes are available in Pomfret Center, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1821+16.7%

Summary: The Pomfret Center real estate market had 21 homes for sale in September 2024, a 16.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 811
+37.5%
4 45
+25.0%
5+ 22
0.0%

Summary: The Pomfret Center housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pomfret Center, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Pomfret Center in September 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Pomfret Center, 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 4 Days Ago

Newest Listings in Pomfret Center, CT

Nearby Markets to Pomfret Center, CT

What housing markets are near Pomfret Center, CT?