Is Trumbull, 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, Trumbull has remained a Seller's Market.
Key Takeaway
Trumbull is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trumbull, CT
How much do homes in Trumbull, CT cost?
Median Sold Price
$576,833
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Trumbull have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Trumbull was $576,833 in May 2024, up 9.6% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289.9K | $374.5K | +29.1% |
| 2 Bedrooms | $411.5K | $440K | +6.9% |
| 3 Bedrooms | $500K | $520K | +4.0% |
| 4 Bedrooms | $630K | $700K | +11.1% |
| 5+ Bedrooms | $667K | $700K | +4.9% |
Summary: Trumbull housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $300.2K | $340K | +13.2% |
| Trumbull | $526.2K | $576.8K | +9.6% |
| Stratford | $370.2K | $400K | +8.0% |
| Easton | $849K | $907.5K | +6.9% |
| Shelton | $440K | $470K | +6.8% |
Housing Supply in Trumbull, CT
How many homes are available in Trumbull, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 106 | 110 | +3.8% |
Summary: The Trumbull real estate market had 110 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 48 | 45 | -6.3% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Trumbull 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 28.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trumbull, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Trumbull in May 2024, up by 26.9% month-over-month. Of the 33 sold homes, 21% were sold under asking, 6% were sold at asking, and 73% were sold over asking.
Days on Market for Trumbull, CT
We’re sorry, we don't have information for this market at the moment
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