Is North Stonington, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, North Stonington was a Seller's Market.
Key Takeaway
North Stonington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Stonington, CT
How much do homes in North Stonington, CT cost?
Median Sold Price
$372,500
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Stonington have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in North Stonington was $372,500 in May 2024, down 9.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $362.5K | N/A |
| 2 Bedrooms | $329.9K | $285K | -13.6% |
| 3 Bedrooms | $411.5K | $425K | +3.3% |
| 4 Bedrooms | $433.2K | $430K | -0.8% |
| 5+ Bedrooms | $480K | $355K | -26.0% |
Summary: North Stonington 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 13.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 26%.
Housing Supply in North Stonington, CT
How many homes are available in North Stonington, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Summary: The North Stonington real estate market had 24 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The North Stonington 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 increased by 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Stonington, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in North Stonington in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for North Stonington, CT
We’re sorry, we don't have information for this market at the moment
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