Is West Simsbury, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Simsbury is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in West Simsbury, CT

How much do homes in West Simsbury, CT cost?

Median Sold Price

$525,650

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$25,650(+5.1%)

Key Takeaway

Homes in West Simsbury have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in West Simsbury was $525,650 in February 2024, up 5.1% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 -$395K
N/A
3 $380K$404.9K
+6.6%
4 $521.5K$540K
+3.5%
5+ $695.5K$860K
+23.7%

Summary: West Simsbury housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 23.7%.

Median Sold Price Compared To Nearby Cities

Simsbury
+11.9%
West Simsbury
+5.1%
Avon
+2.2%
Canton
0.0%
Weatogue
-1.3%

Housing Supply in West Simsbury, CT

How many homes are available in West Simsbury, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
48+100.0%

Summary: The West Simsbury real estate market had 8 homes for sale in February 2024, a 100.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 37
+133.3%
5+ 11
0.0%

Summary: The West Simsbury housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Simsbury, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in West Simsbury in February 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for West Simsbury, 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 28 Days Ago

Newest Listings in West Simsbury, CT

Nearby Markets to West Simsbury, CT

What housing markets are near West Simsbury, CT?