Is Mansfield Center, 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, Mansfield Center was a Seller's Market.
Key Takeaway
Mansfield Center is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mansfield Center, CT
How much do homes in Mansfield Center, CT cost?
Median Sold Price
$298,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mansfield Center have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Mansfield Center was $298,000 in May 2024, up 4.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.5K | $175K | +19.5% |
| 2 Bedrooms | $194K | $197.5K | +1.8% |
| 3 Bedrooms | $300K | $337.5K | +12.5% |
| 4 Bedrooms | $379K | $390K | +2.9% |
| 5+ Bedrooms | $370K | $431K | +16.5% |
Summary: Mansfield Center housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 16.5%.
Housing Supply in Mansfield Center, CT
How many homes are available in Mansfield Center, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Summary: The Mansfield Center real estate market had 16 homes for sale in May 2024, a 33.3% 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mansfield Center 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 increased by 40%, 3 bedroom homes increased by 150%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mansfield Center, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Mansfield Center in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Mansfield Center, CT
We’re sorry, we don't have information for this market at the moment
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