Is Southport, 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, Southport has remained a Seller's Market.
Key Takeaway
Southport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southport, CT
How much do homes in Southport, CT cost?
Median Sold Price
$1,223,164
$431/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southport have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Southport was $1,223,164 in April 2024, up 1.9% from last year, and the median price per square foot was $431.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $607.5K | $484.5K | -20.2% |
| 3 Bedrooms | $800K | $1.0M | +31.3% |
| 4 Bedrooms | $1.4M | $1.2M | -12.3% |
| 5+ Bedrooms | $2.2M | $1.8M | -17.5% |
Summary: Southport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.2%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 17.5%.
Housing Supply in Southport, CT
How many homes are available in Southport, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Southport real estate market had 17 homes for sale in April 2024, a 15.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Southport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southport, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Southport in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Southport, CT
We’re sorry, we don't have information for this market at the moment
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