Is Vernon, 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, Vernon has remained a Seller's Market.
Housing Prices in Vernon, CT
How much do homes in Vernon, CT cost?
Median Sold Price
$278,925
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Vernon was $278,925 in March 2024, up 11.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94K | $125K | +33.0% |
2 Bedrooms | $151.2K | $200K | +32.2% |
3 Bedrooms | $265K | $294K | +10.9% |
4 Bedrooms | $320K | $351.1K | +9.7% |
5+ Bedrooms | $305K | $310K | +1.6% |
Summary: Vernon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33%, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Vernon Rockville | $250K | $279.9K | +12.0% |
Vernon | $250K | $278.9K | +11.6% |
South Windsor | $338.4K | $375K | +10.8% |
Manchester | $263.6K | $290K | +10.0% |
Bolton | $350.5K | $385K | +9.8% |
Housing Supply in Vernon, CT
How many homes are available in Vernon, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 61 | +10.9% |
Summary: The Vernon real estate market had 61 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 19 | 28 | +47.4% |
4 Bedrooms | 11 | 7 | -36.4% |
5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Vernon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 47.4%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Vernon in March 2024, the same as the previous month. Of the 20 sold homes, 15% were sold under asking, 15% were sold at asking, and 70% were sold over asking.
Days on Market for Vernon, CT
We’re sorry, we don't have information for this market at the moment