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 April 2023
At the same time last year, Walnut Beach / Laurel Beach was a Seller's Market.
Key Takeaway
Walnut Beach / Laurel Beach 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 Walnut Beach / Laurel Beach, CT
How much do homes in Walnut Beach / Laurel Beach, CT cost?
Median Sold Price
$422,200
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Walnut Beach / Laurel Beach have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Walnut Beach / Laurel Beach was $422,200 in April 2024, up 2.4% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $258.5K | +7.7% |
| 2 Bedrooms | $327K | $355K | +8.6% |
| 3 Bedrooms | $431K | $424.5K | -1.5% |
| 4 Bedrooms | $610K | $537.5K | -11.9% |
| 5+ Bedrooms | $1.7M | $912.5K | -46.3% |
Summary: Walnut Beach / Laurel Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes decreased by 46.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown / Harbor / Post Road South | $375K | $432.5K | +15.3% |
| Silver Beach | $434.9K | $462K | +6.2% |
| Devon | $379K | $400K | +5.5% |
| Walnut Beach / Laurel Beach | $412.5K | $422.2K | +2.4% |
Housing Supply in Walnut Beach / Laurel Beach, CT
How many homes are available in Walnut Beach / Laurel Beach, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 36 | +16.1% |
Summary: The Walnut Beach / Laurel Beach real estate market had 36 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Walnut Beach / Laurel Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Walnut Beach / Laurel Beach, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Walnut Beach / Laurel Beach in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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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