Is Baltic, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Baltic has remained a Seller's Market.
Key Takeaway
Baltic is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baltic, CT
How much do homes in Baltic, CT cost?
Median Sold Price
$259,250
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Baltic has remained the same since last year.
Summary: The median home sold price in Baltic was $259,250 in May 2024, down 0.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.6K | $144K | -43.0% |
| 2 Bedrooms | $194K | $197.4K | +1.8% |
| 3 Bedrooms | $300K | $247.7K | -17.4% |
| 4 Bedrooms | $321K | $377.5K | +17.6% |
| 5+ Bedrooms | $221.5K | $260K | +17.4% |
Summary: Baltic housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Scotland | $267.5K | $325K | +21.5% |
| Franklin | $296.7K | $330K | +11.2% |
| Lisbon | $300K | $315K | +5.0% |
| Sprague | $259.5K | $259.2K | -0.1% |
| Baltic | $259.9K | $259.2K | -0.3% |
Housing Supply in Baltic, CT
How many homes are available in Baltic, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Baltic real estate market had 11 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Baltic housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baltic, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Baltic in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Baltic, CT
How long does it take to sell a home in Baltic, CT?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Baltic has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Baltic; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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