$4,263 Closing Credit*
$359,000
1,190 SqFt
1 Bed
•1 Full Bath
Andrew Davis, Listing Office: Berkshire Hathaway NE Prop.
Is Cove, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cove was a Buyer's Market.
Key Takeaway
Cove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cove, CT
How much do homes in Cove, CT cost?
Median Sold Price
$657,500
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+7.3%)
Key Takeaway
Homes in Cove have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Cove was $657,500 in November 2024, up 7.3% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228.7K | $252.5K | +10.4% |
| 2 Bedrooms | $400K | $486K | +21.5% |
| 3 Bedrooms | $645K | $695K | +7.8% |
| 4 Bedrooms | $770K | $859.5K | +11.6% |
| 5+ Bedrooms | $1.0M | $925K | -11.1% |
Summary: Cove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Shippan | $439K | $525K | +19.6% |
| Cove | $612.5K | $657.5K | +7.3% |
| Glenbrook | $387.5K | $410K | +5.8% |
Housing Supply in Cove, CT
How many homes are available in Cove, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Cove real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Cove 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 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cove, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cove in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Cove, CT
We’re sorry, we don't have information for this market at the moment
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