Is Redding, 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, Redding has remained a Seller's Market.
Housing Prices in Redding, CT
How much do homes in Redding, CT cost?
Median Sold Price
$790,300
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Redding was $790,300 in April 2024, down 1.5% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $329.9K | $385K | +16.7% |
2 Bedrooms | $497.5K | $555.9K | +11.8% |
3 Bedrooms | $677.9K | $750K | +10.6% |
4 Bedrooms | $830K | $817.5K | -1.5% |
5+ Bedrooms | $1.1M | $950K | -19.1% |
Summary: Redding housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 19.1%.
Housing Supply in Redding, CT
How many homes are available in Redding, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 40 | -2.4% |
Summary: The Redding real estate market had 40 homes for sale in April 2024, a 2.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Redding housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Redding in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Redding, CT
We’re sorry, we don't have information for this market at the moment