Is Montville, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Montville has remained a Seller's Market.
Housing Prices in Montville, CT
How much do homes in Montville, CT cost?
Median Sold Price
$299,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Montville was $299,000 in May 2024, up 4.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $212.5K | -5.6% |
2 Bedrooms | $213K | $206K | -3.3% |
3 Bedrooms | $282.5K | $312.5K | +10.6% |
4 Bedrooms | $329.9K | $350K | +6.1% |
5+ Bedrooms | $317.5K | $339K | +6.8% |
Summary: Montville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Uncasville | $263K | $294.9K | +12.1% |
Norwich | $215.6K | $240K | +11.3% |
Bozrah | $290K | $320K | +10.3% |
Montville | $285K | $299K | +4.9% |
Oakdale | $308.5K | $320K | +3.7% |
Housing Supply in Montville, CT
How many homes are available in Montville, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 59 | +15.7% |
Summary: The Montville real estate market had 59 homes for sale in May 2024, a 15.7% 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 | 10 | 9 | -10.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Montville 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 decreased by 10%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Montville in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Montville, CT
We’re sorry, we don't have information for this market at the moment