$4,749 Closing Credit*
$399,925
1,760 SqFt
2 Beds
•1 Full Bath, 1 Partial
Jayson Kemp, Listing Office: Five Stars Realty
Is Colchester, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,750(+3.6%)
Key Takeaway
Homes in Colchester have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Colchester was $400,000 in November 2024, up 3.6% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.7K | $376K | +16.5% |
| 2 Bedrooms | $180K | $265K | +47.2% |
| 3 Bedrooms | $385K | $399.4K | +3.8% |
| 4 Bedrooms | $469K | $518K | +10.4% |
| 5+ Bedrooms | $453.6K | $459.7K | +1.3% |
Summary: Colchester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 47.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Marlborough | $401K | $445K | +11.0% |
| Moodus | $289.5K | $315K | +8.8% |
| Hebron | $404.2K | $432.5K | +7.0% |
| Colchester | $386.2K | $400K | +3.6% |
| Amston | $422.5K | $400K | -5.3% |
Housing Supply in Colchester, CT
How many homes are available in Colchester, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 49 | -7.5% |
Summary: The Colchester real estate market had 49 homes for sale in November 2024, a 7.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 3 | -70.0% |
| 3 Bedrooms | 25 | 30 | +20.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Colchester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 70%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colchester, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Colchester in November 2024, down by 35.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Colchester, CT
We’re sorry, we don't have information for this market at the moment
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