Is Salisbury, 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, Salisbury has remained a Seller's Market.
Key Takeaway
Salisbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salisbury, CT
How much do homes in Salisbury, CT cost?
Median Sold Price
$896,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Salisbury have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Salisbury was $896,000 in March 2024, up 9.6% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.3K | $475K | +84.6% |
| 2 Bedrooms | $449K | $444.5K | -1.0% |
| 3 Bedrooms | $602.5K | $790K | +31.1% |
| 4 Bedrooms | $1.6M | $1.3M | -18.6% |
| 5+ Bedrooms | $2.3M | $2.6M | +15.8% |
Summary: Salisbury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.6%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 31.1%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Salisbury | $817.5K | $896K | +9.6% |
| Lakeville | $870K | $900K | +3.4% |
| Canaan | $310.2K | $320K | +3.1% |
| North Canaan | $280K | $240K | -14.3% |
Housing Supply in Salisbury, CT
How many homes are available in Salisbury, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The Salisbury real estate market had 26 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Salisbury housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Salisbury in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Salisbury, CT
We’re sorry, we don't have information for this market at the moment
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