Is Southbury, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southbury is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Southbury has remained a Seller's Market.

Key Takeaway

Southbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Southbury, CT

How much do homes in Southbury, CT cost?

Median Sold Price

$349,166

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,300(+2.7%)

Key Takeaway

Homes in Southbury have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Southbury was $349,166 in February 2024, up 2.7% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $180K$210K
+16.7%
2 $265K$277K
+4.5%
3 $391K$440K
+12.5%
4 $604K$630K
+4.3%
5+ $535K$860K
+60.7%

Summary: Southbury housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 60.7%.

Median Sold Price Compared To Nearby Cities

Oxford
+13.2%
Middlebury
+5.3%
Southbury
+2.7%
Sandy Hook
0.0%
Woodbury
-6.9%

Housing Supply in Southbury, CT

How many homes are available in Southbury, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9690-6.3%

Summary: The Southbury real estate market had 90 homes for sale in February 2024, a 6.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 78
+14.3%
2 3438
+11.8%
3 1918
-5.3%
4 3223
-28.1%
5+ 43
-25.0%

Summary: The Southbury housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2519-24.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southbury, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Southbury in February 2024, down by 24.0% month-over-month. Of the 19 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.

Days on Market for Southbury, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Southbury, CT

Nearby Markets to Southbury, CT

What housing markets are near Southbury, CT?