Is Waterford, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waterford is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Waterford has remained a Seller's Market.

Key Takeaway

Waterford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Waterford, CT

How much do homes in Waterford, CT cost?

Median Sold Price

$369,000

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,000(+10.1%)

Key Takeaway

Homes in Waterford have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Waterford was $369,000 in November 2024, up 10.1% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$205K
-2.4%
2 $260K$315K
+21.2%
3 $360K$369K
+2.5%
4 $412.5K$499.9K
+21.2%
5+ $495K$429K
-13.3%

Summary: Waterford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Cities

New London
+18.0%
Waterford
+10.1%
East Lyme
+6.7%
Quaker Hill
+5.0%
Niantic
+2.2%

Housing Supply in Waterford, CT

How many homes are available in Waterford, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6961-11.6%

Summary: The Waterford real estate market had 61 homes for sale in November 2024, a 11.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 46
+50.0%
2 1111
0.0%
3 3932
-17.9%
4 128
-33.3%
5+ 34
+33.3%

Summary: The Waterford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1817-5.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waterford, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Waterford in November 2024, down by 5.6% month-over-month. Of the 17 sold homes, 35% were sold under asking, 6% were sold at asking, and 59% were sold over asking.

Days on Market for Waterford, 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 11 Days Ago

Newest Listings in Waterford, CT

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