Is Cove, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cove has remained a Seller's Market.
Key Takeaway
Cove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cove, CT
How much do homes in Cove, CT cost?
Median Sold Price
$625,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cove have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Cove was $625,000 in April 2024, up 18.4% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $224.5K | -8.4% |
| 2 Bedrooms | $370K | $417.5K | +12.8% |
| 3 Bedrooms | $647.5K | $640K | -1.2% |
| 4 Bedrooms | $781.5K | $799K | +2.2% |
| 5+ Bedrooms | $1.1M | $955K | -14.2% |
Summary: Cove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Cove | $528K | $625K | +18.4% |
| Glenbrook | $345K | $401.4K | +16.3% |
| Shippan | $439K | $472.2K | +7.6% |
Housing Supply in Cove, CT
How many homes are available in Cove, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Summary: The Cove real estate market had 18 homes for sale in April 2024, a 63.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Cove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cove, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Cove in April 2024, up by 100.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Cove, CT
We’re sorry, we don't have information for this market at the moment
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