Is Storrs Mansfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Storrs Mansfield has remained a Seller's Market.
Key Takeaway
Storrs Mansfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Storrs Mansfield, CT
How much do homes in Storrs Mansfield, CT cost?
Median Sold Price
$348,500
$166/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Storrs Mansfield have sold for 121.3% more than they did a month ago.
Summary: The median home sold price in Storrs Mansfield was $348,500 in March 2024, up 121.3% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $115K | - | N/A |
| 3 Bedrooms | - | $327K | N/A |
| 4 Bedrooms | $502K | $405K | -19.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Storrs Mansfield housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes did not change.
Housing Supply in Storrs Mansfield, CT
How many homes are available in Storrs Mansfield, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Storrs Mansfield real estate market had 18 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Storrs Mansfield 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Storrs Mansfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Storrs Mansfield in March 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Storrs Mansfield, CT
We’re sorry, we don't have information for this market at the moment
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