Is Willimantic, 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, Willimantic has remained a Seller's Market.
Key Takeaway
Willimantic is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Willimantic, CT
How much do homes in Willimantic, CT cost?
Median Sold Price
$237,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Willimantic have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Willimantic was $237,000 in May 2024, up 13.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $172.5K | $150K | -13.0% |
| 3 Bedrooms | $217.9K | $243K | +11.5% |
| 4 Bedrooms | $220K | $245K | +11.4% |
| 5+ Bedrooms | $233K | $265K | +13.7% |
Summary: Willimantic housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 13.7%.
Housing Supply in Willimantic, CT
How many homes are available in Willimantic, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Summary: The Willimantic real estate market had 29 homes for sale in May 2024, a 9.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Willimantic housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Willimantic, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Willimantic in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Willimantic, CT
We’re sorry, we don't have information for this market at the moment
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