Is Higganum, 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, Higganum was a Neutral Market.
Key Takeaway
Higganum is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Higganum, CT
How much do homes in Higganum, CT cost?
Median Sold Price
$480,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Higganum have sold for 24.7% more than they did a year ago.
Summary: The median home sold price in Higganum was $480,000 in May 2024, up 24.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $242.4K | $263.4K | +8.7% |
| 3 Bedrooms | $360K | $424K | +17.8% |
| 4 Bedrooms | $550K | $578.5K | +5.2% |
| 5+ Bedrooms | $478K | $435K | -9.0% |
Summary: Higganum 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 increased by 8.7%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| Higganum | $385K | $480K | +24.7% |
| Haddam | $392.5K | $467.5K | +19.1% |
| Killingworth | $445K | $525K | +18.0% |
| Durham | $405K | $429K | +5.9% |
| Chester | $435K | $429.9K | -1.2% |
Housing Supply in Higganum, CT
How many homes are available in Higganum, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Summary: The Higganum real estate market had 13 homes for sale in May 2024, a 44.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Higganum housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Higganum, 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 Higganum in May 2024, down by 66.7% month-over-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 Higganum, CT
We’re sorry, we don't have information for this market at the moment
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