Is Simsbury, 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, Simsbury has remained a Seller's Market.
Key Takeaway
Simsbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Simsbury, CT
How much do homes in Simsbury, CT cost?
Median Sold Price
$450,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Simsbury have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Simsbury was $450,000 in May 2024, up 12.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $160.2K | +38.1% |
| 2 Bedrooms | $240K | $270K | +12.5% |
| 3 Bedrooms | $369K | $410K | +11.1% |
| 4 Bedrooms | $475K | $519K | +9.3% |
| 5+ Bedrooms | $701K | $675K | -3.7% |
Summary: Simsbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Simsbury | $400K | $450K | +12.5% |
| Bloomfield | $300K | $330K | +10.0% |
| Weatogue | $365K | $375K | +2.7% |
| West Simsbury | $525.6K | $529.5K | +0.7% |
Housing Supply in Simsbury, CT
How many homes are available in Simsbury, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 86 | +7.5% |
Summary: The Simsbury real estate market had 86 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Simsbury housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Simsbury, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Simsbury in May 2024, the same as the previous month. Of the 27 sold homes, 4% were sold under asking, 7% were sold at asking, and 89% were sold over asking.
Days on Market for Simsbury, CT
We’re sorry, we don't have information for this market at the moment
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