Is Stonington, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Stonington was a Buyer's Market.
Key Takeaway
Stonington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stonington, CT
How much do homes in Stonington, CT cost?
Median Sold Price
$663,750
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Stonington have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Stonington was $663,750 in March 2024, up 0.6% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $551.5K | $597.5K | +8.3% |
| 2 Bedrooms | $371.2K | $435K | +17.2% |
| 3 Bedrooms | $546K | $540K | -1.1% |
| 4 Bedrooms | $825K | $1.0M | +26.7% |
| 5+ Bedrooms | $990K | $1.2M | +21.2% |
Summary: Stonington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 21.2%.
Housing Supply in Stonington, CT
How many homes are available in Stonington, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Summary: The Stonington real estate market had 32 homes for sale in March 2024, a 28.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Stonington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stonington, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Stonington in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Stonington, CT
We’re sorry, we don't have information for this market at the moment
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