Is Trumbull, 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, Trumbull was a Seller's Market.
Key Takeaway
Trumbull is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Trumbull, CT
How much do homes in Trumbull, CT cost?
Median Sold Price
$563,500
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Trumbull have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Trumbull was $563,500 in March 2024, up 5.3% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $374.5K | +29.1% |
| 2 Bedrooms | $408.5K | $432.5K | +5.9% |
| 3 Bedrooms | $500K | $521K | +4.2% |
| 4 Bedrooms | $635K | $690K | +8.7% |
| 5+ Bedrooms | $680K | $667K | -1.9% |
Summary: Trumbull housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $299.9K | $334.9K | +11.7% |
| Easton | $850K | $915K | +7.6% |
| Trumbull | $534.9K | $563.5K | +5.3% |
| Stratford | $374.8K | $389.9K | +4.0% |
| Shelton | $440.8K | $458K | +3.9% |
Housing Supply in Trumbull, CT
How many homes are available in Trumbull, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 84 | +2.4% |
Summary: The Trumbull real estate market had 84 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 29 | 40 | +37.9% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Trumbull housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 14 | -48.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trumbull, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Trumbull in March 2024, down by 48.1% month-over-month. Of the 14 sold homes, 21% were sold under asking, 0% were sold at asking, and 79% were sold over asking.
Days on Market for Trumbull, CT
We’re sorry, we don't have information for this market at the moment
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