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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Willimantic is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Willimantic was a Neutral Market.

Key Takeaway

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

Housing Prices in Willimantic, CT

How much do homes in Willimantic, CT cost?

Median Sold Price

$232,500

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$31,500(+15.7%)

Key Takeaway

Homes in Willimantic have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Willimantic was $232,500 in February 2024, up 15.7% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $120K-
N/A
2 $175K$170K
-2.9%
3 $205.5K$240K
+16.8%
4 $203.5K$245K
+20.4%
5+ $226K$250K
+10.6%

Summary: Willimantic 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 decreased by 2.9%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Cities

Willimantic
+15.7%
Windham
+14.6%
Lebanon
+6.1%
North Windham
-5.5%

Housing Supply in Willimantic, CT

How many homes are available in Willimantic, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3029-3.3%

Summary: The Willimantic real estate market had 29 homes for sale in February 2024, a 3.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 1313
0.0%
4 99
0.0%
5+ 45
+25.0%

Summary: The Willimantic 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Willimantic, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Willimantic in February 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for Willimantic, 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 27 Days Ago

Newest Listings in Willimantic, CT

Nearby Markets to Willimantic, CT

What housing markets are near Willimantic, CT?