$7,956 Closing Credit*
$670,000
2,350 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jessica Boswell, Listing Office: eXp Realty
Is Prospect, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Prospect has remained a Seller's Market.
Key Takeaway
Prospect is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prospect, CT
How much do homes in Prospect, CT cost?
Median Sold Price
$398,500
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$31,500(+8.6%)
Key Takeaway
Homes in Prospect have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Prospect was $398,500 in September 2024, up 8.6% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $325K | +14.0% |
| 3 Bedrooms | $365K | $362.5K | -0.7% |
| 4 Bedrooms | $433K | $532K | +22.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Prospect 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 14%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes did not change.
Housing Supply in Prospect, CT
How many homes are available in Prospect, CT?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Prospect real estate market had 24 homes for sale in September 2024, a 17.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Prospect 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 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prospect, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Prospect in September 2024, down by 33.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Prospect, CT
We’re sorry, we don't have information for this market at the moment
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