$2,969 Closing Credit*
$250,000
1,256 SqFt
2 Beds
•1 Full Bath, 1 Partial
Kamil Andrukiewicz, Listing Office: New Haus Group LLC
Is Vernon, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Vernon has remained a Seller's Market.
Key Takeaway
Vernon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vernon, CT
How much do homes in Vernon, CT cost?
Median Sold Price
$294,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$32,000(+12.2%)
Key Takeaway
Homes in Vernon have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Vernon was $294,000 in August 2024, up 12.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $129K | +35.8% |
| 2 Bedrooms | $174K | $207.5K | +19.3% |
| 3 Bedrooms | $280K | $315K | +12.5% |
| 4 Bedrooms | $317.5K | $358.7K | +13.0% |
| 5+ Bedrooms | $324K | $358.5K | +10.6% |
Summary: Vernon housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.8%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
| South Windsor | $346K | $400K | +15.6% |
| Manchester | $270K | $303.5K | +12.4% |
| Vernon | $262K | $294K | +12.2% |
| Vernon Rockville | $262K | $293K | +11.8% |
| Bolton | $364.9K | $397.5K | +8.9% |
Housing Supply in Vernon, CT
How many homes are available in Vernon, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 83 | 63 | -24.1% |
Summary: The Vernon real estate market had 63 homes for sale in August 2024, a 24.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 36 | 22 | -38.9% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Vernon housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 38.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 34 | 22 | -35.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vernon, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Vernon in August 2024, down by 35.3% month-over-month. Of the 22 sold homes, 23% were sold under asking, 5% were sold at asking, and 73% were sold over asking.
Days on Market for Vernon, CT
How long does it take to sell a home in Vernon, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vernon are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 22 homes were sold in Vernon; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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