Is Stamford, 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, Stamford has remained a Seller's Market.
Key Takeaway
Stamford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stamford, CT
How much do homes in Stamford, CT cost?
Median Sold Price
$610,454
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stamford have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Stamford was $610,454 in May 2024, up 3.5% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229K | $260.2K | +13.6% |
| 2 Bedrooms | $390K | $427K | +9.5% |
| 3 Bedrooms | $638K | $675K | +5.8% |
| 4 Bedrooms | $856.2K | $920K | +7.4% |
| 5+ Bedrooms | $1.0M | $1.0M | +4.5% |
Summary: Stamford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Cos Cob | $1.1M | $1.7M | +45.7% |
| Old Greenwich | $1.5M | $1.7M | +12.9% |
| New Canaan | $1.6M | $1.8M | +12.8% |
| Darien | $1.6M | $1.8M | +9.6% |
| Stamford | $589.7K | $610.4K | +3.5% |
Housing Supply in Stamford, CT
How many homes are available in Stamford, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 367 | 406 | +10.6% |
Summary: The Stamford real estate market had 406 homes for sale in May 2024, a 10.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 31 | +6.9% |
| 2 Bedrooms | 89 | 86 | -3.4% |
| 3 Bedrooms | 81 | 93 | +14.8% |
| 4 Bedrooms | 97 | 125 | +28.9% |
| 5+ Bedrooms | 71 | 71 | 0.0% |
Summary: The Stamford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 92 | +9.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stamford, you could pay more than the asking price. 59.8% of homes here sold above asking price last month.
Summary: A total of 92 homes were sold or pending in Stamford in May 2024, up by 9.5% month-over-month. Of the 92 sold homes, 26% were sold under asking, 14% were sold at asking, and 60% were sold over asking.
Days on Market for Stamford, CT
How long does it take to sell a home in Stamford, CT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 19 Days | -72.5% |
Summary: Homes in Stamford had an average of 19 days on market in May 2024, down by 72.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stamford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 92 homes were sold in Stamford; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.