Is Simsbury, 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, Simsbury has remained a Seller's Market.
Key Takeaway
Simsbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Simsbury, CT
How much do homes in Simsbury, CT cost?
Median Sold Price
$450,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Simsbury have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Simsbury was $450,000 in March 2024, up 14.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125.5K | $160K | +27.5% |
| 2 Bedrooms | $230K | $273K | +18.7% |
| 3 Bedrooms | $363K | $409.9K | +12.9% |
| 4 Bedrooms | $465K | $504K | +8.4% |
| 5+ Bedrooms | $708K | $690K | -2.5% |
Summary: Simsbury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Simsbury | $393.7K | $450K | +14.3% |
| West Simsbury | $492.5K | $530K | +7.6% |
| Bloomfield | $300K | $315K | +5.0% |
| Weatogue | $357.5K | $370K | +3.5% |
Housing Supply in Simsbury, CT
How many homes are available in Simsbury, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 62 | +5.1% |
Summary: The Simsbury real estate market had 62 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Simsbury 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 10%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Simsbury, you could pay more than the asking price. 73.7% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Simsbury in March 2024, up by 35.7% month-over-month. Of the 19 sold homes, 21% were sold under asking, 5% were sold at asking, and 74% were sold over asking.
Days on Market for Simsbury, CT
We’re sorry, we don't have information for this market at the moment
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