Is West Suffield, 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, West Suffield has remained a Seller's Market.
Key Takeaway
West Suffield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Suffield, CT
How much do homes in West Suffield, CT cost?
Median Sold Price
$465,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Suffield have sold for 24% more than they did a year ago.
Summary: The median home sold price in West Suffield was $465,000 in March 2024, up 24% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $437.9K | +90.4% |
| 3 Bedrooms | $340K | $495K | +45.6% |
| 4 Bedrooms | $420K | $425K | +1.2% |
| 5+ Bedrooms | $552.4K | - | N/A |
Summary: West Suffield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 90.4%, 3 bedroom homes increased by 45.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| West Suffield | $375K | $465K | +24.0% |
| Suffield | $401.5K | $450K | +12.1% |
| Southwick | $382.5K | $410K | +7.2% |
| Feeding Hills | $345K | $347.5K | +0.7% |
| East Granby | $350K | $347.5K | -0.7% |
Housing Supply in West Suffield, CT
How many homes are available in West Suffield, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The West Suffield real estate market had 10 homes for sale in March 2024, a 42.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Suffield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Suffield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in West Suffield in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for West Suffield, CT
We’re sorry, we don't have information for this market at the moment
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