Is Southbury, 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, Southbury has remained a Seller's Market.
Housing Prices in Southbury, CT
How much do homes in Southbury, CT cost?
Median Sold Price
$355,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southbury was $355,000 in May 2024, up 5.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $196.7K | $214.9K | +9.3% |
2 Bedrooms | $270K | $288.7K | +6.9% |
3 Bedrooms | $408.5K | $450K | +10.2% |
4 Bedrooms | $615K | $647.5K | +5.3% |
5+ Bedrooms | $790K | $872.5K | +10.4% |
Summary: Southbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
Middlebury | $445K | $530K | +19.1% |
Oxford | $485K | $540K | +11.3% |
Southbury | $336.5K | $355K | +5.5% |
Woodbury | $419K | $410.7K | -2.0% |
Sandy Hook | $546K | $527.9K | -3.3% |
Housing Supply in Southbury, CT
How many homes are available in Southbury, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 117 | +27.2% |
Summary: The Southbury real estate market had 117 homes for sale in May 2024, a 27.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 45 | 60 | +33.3% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Southbury housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 27 | +17.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Southbury in May 2024, up by 17.4% month-over-month. Of the 27 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Southbury, CT
We’re sorry, we don't have information for this market at the moment