Is Cornwall Bridge, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cornwall Bridge was a Seller's Market.
Key Takeaway
Cornwall Bridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cornwall Bridge, CT
How much do homes in Cornwall Bridge, CT cost?
Median Sold Price
$507,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cornwall Bridge have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Cornwall Bridge was $507,500 in May 2024, up 2.5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $577.5K | $337K | -41.6% |
| 3 Bedrooms | $422.4K | $312.5K | -26.0% |
| 4 Bedrooms | $670K | $527.5K | -21.3% |
| 5+ Bedrooms | $765K | $1.8M | +142.5% |
Summary: Cornwall Bridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.6%, 3 bedroom homes decreased by 26%, 4 bedroom homes decreased by 21.3%, and 5+ bedroom homes increased by 142.5%.
Housing Supply in Cornwall Bridge, CT
How many homes are available in Cornwall Bridge, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Cornwall Bridge real estate market had 12 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cornwall Bridge 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 increased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cornwall Bridge, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Cornwall Bridge in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Cornwall Bridge, CT
We’re sorry, we don't have information for this market at the moment
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