Is Waterford, 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, Waterford has remained a Seller's Market.
Housing Prices in Waterford, CT
How much do homes in Waterford, CT cost?
Median Sold Price
$335,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Waterford was $335,000 in March 2024, up 6.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $225K | +28.6% |
2 Bedrooms | $236K | $265.5K | +12.5% |
3 Bedrooms | $330K | $345K | +4.5% |
4 Bedrooms | $408.5K | $424.7K | +4.0% |
5+ Bedrooms | $400K | $495K | +23.8% |
Summary: Waterford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 23.8%.
Median Sold Price Compared To Nearby Cities
Niantic | $385K | $449.5K | +16.8% |
East Lyme | $391K | $455K | +16.4% |
New London | $245K | $265K | +8.2% |
Waterford | $314.3K | $335K | +6.6% |
Quaker Hill | $305K | $314.5K | +3.1% |
Housing Supply in Waterford, CT
How many homes are available in Waterford, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 56 | +9.8% |
Summary: The Waterford real estate market had 56 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 33 | 30 | -9.1% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Waterford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Waterford in March 2024, down by 7.1% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Waterford, CT
We’re sorry, we don't have information for this market at the moment