Is Mystic, 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, Mystic has remained a Seller's Market.
Key Takeaway
Mystic is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mystic, CT
How much do homes in Mystic, CT cost?
Median Sold Price
$499,900
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mystic have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Mystic was $499,900 in May 2024, up 11.2% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | - | N/A |
| 2 Bedrooms | $300K | $412.5K | +37.5% |
| 3 Bedrooms | $432.5K | $475K | +9.8% |
| 4 Bedrooms | $590K | $622.5K | +5.5% |
| 5+ Bedrooms | $522.5K | $790K | +51.2% |
Summary: Mystic 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 37.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 51.2%.
Median Sold Price Compared To Nearby Cities
| Mystic | $449.5K | $499.9K | +11.2% |
| Ledyard | $325K | $355.5K | +9.4% |
Housing Supply in Mystic, CT
How many homes are available in Mystic, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The Mystic real estate market had 44 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mystic 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 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 Mystic, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mystic in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Mystic, CT
We’re sorry, we don't have information for this market at the moment
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