Is Rocky Hill, 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, Rocky Hill has remained a Seller's Market.
Key Takeaway
Rocky Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rocky Hill, CT
How much do homes in Rocky Hill, CT cost?
Median Sold Price
$335,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rocky Hill have sold for 10% more than they did a year ago.
Summary: The median home sold price in Rocky Hill was $335,000 in March 2024, up 10% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129K | $143.5K | +11.2% |
| 2 Bedrooms | $227K | $268K | +18.1% |
| 3 Bedrooms | $351.8K | $365K | +3.7% |
| 4 Bedrooms | $465K | $530K | +14.0% |
| 5+ Bedrooms | $984.5K | $800K | -18.7% |
Summary: Rocky Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Cromwell | $252.3K | $300K | +18.9% |
| Newington | $275K | $315K | +14.5% |
| Berlin | $340K | $380K | +11.8% |
| Rocky Hill | $304.6K | $335K | +10.0% |
| Wethersfield | $323.4K | $347K | +7.3% |
Housing Supply in Rocky Hill, CT
How many homes are available in Rocky Hill, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Summary: The Rocky Hill real estate market had 33 homes for sale in March 2024, a 8.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rocky Hill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rocky Hill, 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 Rocky Hill in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Rocky Hill, CT
We’re sorry, we don't have information for this market at the moment
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