Is Wethersfield, 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, Wethersfield has remained a Seller's Market.
Key Takeaway
Wethersfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wethersfield, CT
How much do homes in Wethersfield, CT cost?
Median Sold Price
$347,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wethersfield have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Wethersfield was $347,000 in March 2024, up 7.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $118K | +24.2% |
| 2 Bedrooms | $239K | $285K | +19.2% |
| 3 Bedrooms | $325K | $345K | +6.2% |
| 4 Bedrooms | $424.2K | $480K | +13.1% |
| 5+ Bedrooms | $499.9K | $455K | -9.0% |
Summary: Wethersfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.2%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| Newington | $275K | $315K | +14.5% |
| Rocky Hill | $304.6K | $335K | +10.0% |
| East Hartford | $242.2K | $263.7K | +8.9% |
| Hartford | $240K | $260.3K | +8.5% |
| Wethersfield | $323.4K | $347K | +7.3% |
Housing Supply in Wethersfield, CT
How many homes are available in Wethersfield, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 36 | -14.3% |
Summary: The Wethersfield real estate market had 36 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Wethersfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wethersfield, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Wethersfield in March 2024, up by 18.2% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.
Days on Market for Wethersfield, CT
We’re sorry, we don't have information for this market at the moment
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