Is Walnut Beach / Laurel Beach, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walnut Beach / Laurel Beach is a seller's market

Buyer's
Market

Difference Since May 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

$422,200

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$2,800(-0.7%)

Key Takeaway

Homes in Walnut Beach / Laurel Beach have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Walnut Beach / Laurel Beach was $422,200 in May 2024, down 0.7% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $240K$258.5K
+7.7%
2 $325K$350K
+7.7%
3 $435K$425K
-2.3%
4 $605K$537.5K
-11.2%
5+ $1.7M$912.5K
-46.3%

Summary: Walnut Beach / Laurel Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 46.3%.

Median Sold Price Compared To Nearby Neighborhoods

Downtown / Harbor / Post Road South
+13.8%
Silver Beach
+11.6%
Devon
+6.7%
Walnut Beach / Laurel Beach
-0.7%

Housing Supply in Walnut Beach / Laurel Beach, CT

How many homes are available in Walnut Beach / Laurel Beach, CT?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3643+19.4%

Summary: The Walnut Beach / Laurel Beach real estate market had 43 homes for sale in May 2024, a 19.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 99
0.0%
3 1519
+26.7%
4 810
+25.0%
5+ 23
+50.0%

Summary: The Walnut Beach / Laurel Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walnut Beach / Laurel Beach, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Walnut Beach / Laurel Beach in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Walnut Beach / Laurel Beach, CT

Nearby Markets to Walnut Beach / Laurel Beach, CT