Is Suffield, 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, Suffield has remained a Seller's Market.
Key Takeaway
Suffield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Suffield, CT
How much do homes in Suffield, CT cost?
Median Sold Price
$440,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Suffield have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Suffield was $440,000 in April 2024, up 10.8% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $295K | +18.0% |
| 3 Bedrooms | $360K | $433.7K | +20.5% |
| 4 Bedrooms | $461.5K | $563.5K | +22.1% |
| 5+ Bedrooms | $587K | $690K | +17.5% |
Summary: Suffield 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 increased by 18%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
| West Suffield | $374.5K | $498K | +33.0% |
| Suffield | $397K | $440K | +10.8% |
| Southwick | $382.5K | $415.9K | +8.7% |
| East Granby | $350.5K | $356K | +1.6% |
| Feeding Hills | $345K | $350K | +1.4% |
Housing Supply in Suffield, CT
How many homes are available in Suffield, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The Suffield real estate market had 40 homes for sale in April 2024, a 5.3% increase 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Suffield 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 increased by 50%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suffield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Suffield in April 2024, down by 46.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Suffield, CT
We’re sorry, we don't have information for this market at the moment
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