Is Simsbury, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Simsbury have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Simsbury was $450,000 in April 2024, up 12.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.9K | $160.5K | +105.9% |
| 2 Bedrooms | $235K | $273K | +16.2% |
| 3 Bedrooms | $359.5K | $409.9K | +14.0% |
| 4 Bedrooms | $474.5K | $505K | +6.4% |
| 5+ Bedrooms | $690K | $720K | +4.3% |
Summary: Simsbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 105.9%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Tariffville | $221.5K | $292K | +31.8% |
| Simsbury | $400K | $450K | +12.5% |
| Bloomfield | $300K | $320K | +6.7% |
| West Simsbury | $514K | $539.5K | +5.0% |
| Weatogue | $365K | $370K | +1.4% |
Housing Supply in Simsbury, CT
How many homes are available in Simsbury, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 78 | +13.0% |
Summary: The Simsbury real estate market had 78 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 12 | 7 | -41.7% |
| 3 Bedrooms | 16 | 23 | +43.8% |
| 4 Bedrooms | 28 | 34 | +21.4% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Simsbury housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Simsbury, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Simsbury in April 2024, up by 35.0% month-over-month. Of the 27 sold homes, 7% were sold under asking, 4% were sold at asking, and 89% 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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