$4,988 Closing Credit*
$420,000
2,049 SqFt
3 Beds
•2 Full Baths, 1 Partial
Scott Pellerin, Listing Office: Coldwell Banker Realty
Is Colchester, 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, Colchester has remained a Seller's Market.
Key Takeaway
Colchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colchester, CT
How much do homes in Colchester, CT cost?
Median Sold Price
$400,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,050(+6.7%)
Key Takeaway
Homes in Colchester have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Colchester was $400,000 in October 2024, up 6.7% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.5K | $404.4K | +90.3% |
| 2 Bedrooms | $185K | $262K | +41.6% |
| 3 Bedrooms | $369.9K | $399.9K | +8.1% |
| 4 Bedrooms | $469.5K | $515K | +9.7% |
| 5+ Bedrooms | $421.1K | $465K | +10.4% |
Summary: Colchester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.3%, 2 bedroom homes increased by 41.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Hebron | $390K | $437.7K | +12.2% |
| Colchester | $374.9K | $400K | +6.7% |
| Marlborough | $415.5K | $430K | +3.5% |
| Amston | $411.2K | $412.5K | 0.3% |
Housing Supply in Colchester, CT
How many homes are available in Colchester, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The Colchester real estate market had 53 homes for sale in October 2024, a 8.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Colchester 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 remained the same, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colchester, you could pay more than the asking price. 86.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Colchester in October 2024, up by 25.0% month-over-month. Of the 15 sold homes, 7% were sold under asking, 7% were sold at asking, and 87% were sold over asking.
Days on Market for Colchester, CT
We’re sorry, we don't have information for this market at the moment
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.