$1,959 Closing Credit*
$165,000
853 SqFt
1 Bed
•1 Full Bath
Christine Zygmont, Listing Office: eXp Realty
Is Cheshire, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cheshire has remained a Seller's Market.
Key Takeaway
Cheshire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheshire, CT
How much do homes in Cheshire, CT cost?
Median Sold Price
$465,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+9.4%)
Key Takeaway
Homes in Cheshire have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Cheshire was $465,000 in October 2024, up 9.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $180.9K | +23.1% |
| 2 Bedrooms | $290.3K | $300K | +3.3% |
| 3 Bedrooms | $400K | $433.5K | +8.4% |
| 4 Bedrooms | $575K | $610K | +6.1% |
| 5+ Bedrooms | $625K | $577.9K | -7.5% |
Summary: Cheshire housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Meriden | $250.3K | $289K | +15.5% |
| Plantsville | $340K | $375K | +10.3% |
| Cheshire | $425K | $465K | +9.4% |
| Prospect | $367.5K | $400K | +8.8% |
| Wallingford | $327K | $355.5K | +8.7% |
Housing Supply in Cheshire, CT
How many homes are available in Cheshire, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 102 | -1.9% |
Summary: The Cheshire real estate market had 102 homes for sale in October 2024, a 1.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 32 | 29 | -9.4% |
| 4 Bedrooms | 45 | 46 | +2.2% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Cheshire housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheshire, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Cheshire in October 2024, up by 11.5% month-over-month. Of the 29 sold homes, 45% were sold under asking, 14% were sold at asking, and 41% were sold over asking.
Days on Market for Cheshire, CT
We’re sorry, we don't have information for this market at the moment
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