Is Derby, 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, Derby has remained a Seller's Market.
Key Takeaway
Derby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Derby, CT
How much do homes in Derby, CT cost?
Median Sold Price
$320,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Derby have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Derby was $320,000 in April 2024, up 23.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $92K | -45.9% |
| 2 Bedrooms | $223K | $260K | +16.6% |
| 3 Bedrooms | $260K | $335K | +28.8% |
| 4 Bedrooms | $320K | $375K | +17.2% |
| 5+ Bedrooms | $342.4K | $390K | +13.9% |
Summary: Derby housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Derby | $260K | $320K | +23.1% |
| Seymour | $312K | $372K | +19.2% |
| Ansonia | $300K | $350K | +16.7% |
| Woodbridge | $595K | $654.2K | +10.0% |
| Orange | $493.7K | $540K | +9.4% |
Housing Supply in Derby, CT
How many homes are available in Derby, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Summary: The Derby real estate market had 36 homes for sale in April 2024, a 24.1% 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 | 7 | 12 | +71.4% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Derby 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 71.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Derby, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Derby in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Derby, CT
We’re sorry, we don't have information for this market at the moment
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