Is Turn of River, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Turn of River has remained a Seller's Market.
Key Takeaway
Turn of River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Turn of River, CT
How much do homes in Turn of River, CT cost?
Median Sold Price
$685,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Turn of River have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Turn of River was $685,000 in March 2024, up 7.9% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | $410K | +2.8% |
| 2 Bedrooms | $535K | $560K | +4.7% |
| 3 Bedrooms | $629K | $730K | +16.1% |
| 4 Bedrooms | $690K | $890K | +29.0% |
| 5+ Bedrooms | $980K | $927.5K | -5.4% |
Summary: Turn of River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 29%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Glenbrook | $345K | $395K | +14.5% |
| Belltown | $550K | $605K | +10.0% |
| Turn of River | $635K | $685K | +7.9% |
| Springdale | $525K | $565K | +7.6% |
Housing Supply in Turn of River, CT
How many homes are available in Turn of River, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Summary: The Turn of River real estate market had 31 homes for sale in March 2024, a 19.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Turn of River 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 decreased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Turn of River, you could pay more than the asking price. 90% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Turn of River in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% were sold over asking.
Days on Market for Turn of River, CT
How long does it take to sell a home in Turn of River, CT?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Turn of River has remained consistent over time.
Summary: During March 2024, 10 homes were sold in Turn of River; 0% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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