Is Walnut Beach / Laurel Beach, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Walnut Beach / Laurel Beach has remained a Seller's Market.
Key Takeaway
Walnut Beach / Laurel Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Walnut Beach / Laurel Beach, CT
How much do homes in Walnut Beach / Laurel Beach, CT cost?
Median Sold Price
$424,750
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Walnut Beach / Laurel Beach have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Walnut Beach / Laurel Beach was $424,750 in June 2024, down 1.2% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253K | $237.2K | -6.2% |
| 2 Bedrooms | $325K | $352.5K | +8.5% |
| 3 Bedrooms | $431K | $425K | -1.4% |
| 4 Bedrooms | $692.9K | $540K | -22.1% |
| 5+ Bedrooms | $1.3M | $1.0M | -25.0% |
Summary: Walnut Beach / Laurel Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 22.1%, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Neighborhoods
| Silver Beach | $425K | $478K | +12.5% |
| Devon | $375K | $412.5K | +10.0% |
| Downtown / Harbor / Post Road South | $407K | $427.5K | +5.0% |
| Walnut Beach / Laurel Beach | $430K | $424.7K | -1.2% |
Housing Supply in Walnut Beach / Laurel Beach, CT
How many homes are available in Walnut Beach / Laurel Beach, CT?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 42 | 36 | -14.3% |
Summary: The Walnut Beach / Laurel Beach real estate market had 36 homes for sale in June 2024, a 14.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 3 | -66.7% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Walnut Beach / Laurel Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Walnut Beach / Laurel Beach, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Walnut Beach / Laurel Beach in June 2024, down by 38.5% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Walnut Beach / Laurel Beach, CT
We’re sorry, we don't have information for this market at the moment
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