Is Stratford, 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, Stratford has remained a Seller's Market.
Key Takeaway
Stratford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stratford, CT
How much do homes in Stratford, CT cost?
Median Sold Price
$400,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stratford have sold for 8% more than they did a year ago.
Summary: The median home sold price in Stratford was $400,000 in May 2024, up 8% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $217K | -0.2% |
| 2 Bedrooms | $322.2K | $355.6K | +10.4% |
| 3 Bedrooms | $385K | $410K | +6.5% |
| 4 Bedrooms | $450K | $475K | +5.6% |
| 5+ Bedrooms | $495K | $530K | +7.1% |
Summary: Stratford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $300.2K | $340K | +13.2% |
| Trumbull | $526.2K | $576.8K | +9.6% |
| Milford | $402.3K | $435K | +8.1% |
| Stratford | $370.2K | $400K | +8.0% |
| Shelton | $440K | $470K | +6.8% |
Housing Supply in Stratford, CT
How many homes are available in Stratford, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 186 | 183 | -1.6% |
Summary: The Stratford real estate market had 183 homes for sale in May 2024, a 1.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 22 | -12.0% |
| 2 Bedrooms | 37 | 38 | +2.7% |
| 3 Bedrooms | 82 | 78 | -4.9% |
| 4 Bedrooms | 35 | 32 | -8.6% |
| 5+ Bedrooms | 7 | 13 | +85.7% |
Summary: The Stratford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 85.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 36 | -36.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stratford, you could pay more than the asking price. 69.4% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Stratford in May 2024, down by 36.8% month-over-month. Of the 36 sold homes, 17% were sold under asking, 14% were sold at asking, and 69% were sold over asking.
Days on Market for Stratford, CT
We’re sorry, we don't have information for this market at the moment
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