Is Suffield, 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, Suffield was a Buyer's Market.
Key Takeaway
Suffield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Suffield, CT
How much do homes in Suffield, CT cost?
Median Sold Price
$450,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Suffield have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Suffield was $450,000 in March 2024, up 12.1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $295K | +18.0% |
| 3 Bedrooms | $360K | $437.5K | +21.5% |
| 4 Bedrooms | $470.5K | $534.4K | +13.6% |
| 5+ Bedrooms | $587K | $742.5K | +26.5% |
Summary: Suffield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Cities
| West Suffield | $375K | $465K | +24.0% |
| Suffield | $401.5K | $450K | +12.1% |
| Southwick | $382.5K | $410K | +7.2% |
| Feeding Hills | $345K | $347.5K | +0.7% |
| East Granby | $350K | $347.5K | -0.7% |
Housing Supply in Suffield, CT
How many homes are available in Suffield, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The Suffield real estate market had 38 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Suffield 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 100%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suffield, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Suffield in March 2024, up by 150.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 7% were sold at asking, and 73% were sold over asking.
Days on Market for Suffield, CT
We’re sorry, we don't have information for this market at the moment
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