$4,156 Closing Credit*
$350,000
1,843 SqFt
3 Beds
•2 Full Baths
Leslie Blaser, Listing Office: eXp Realty
Is Cromwell, 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, Cromwell has remained a Seller's Market.
Key Takeaway
Cromwell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cromwell, CT
How much do homes in Cromwell, CT cost?
Median Sold Price
$310,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.6%)
Key Takeaway
Homes in Cromwell have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Cromwell was $310,000 in November 2024, up 1.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144K | $169.5K | +17.7% |
| 2 Bedrooms | $215K | $236K | +9.8% |
| 3 Bedrooms | $391.2K | $412.5K | +5.4% |
| 4 Bedrooms | $505K | $532.5K | +5.4% |
| 5+ Bedrooms | $461K | $727.5K | +57.8% |
Summary: Cromwell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 57.8%.
Median Sold Price Compared To Nearby Cities
| Portland | $300K | $360K | +20.0% |
| Middletown | $276.3K | $310.5K | +12.4% |
| Rocky Hill | $315.5K | $345.2K | +9.4% |
| Cromwell | $305K | $310K | +1.6% |
Housing Supply in Cromwell, CT
How many homes are available in Cromwell, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 53 | -25.4% |
Summary: The Cromwell real estate market had 53 homes for sale in November 2024, a 25.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 20 | 13 | -35.0% |
| 3 Bedrooms | 32 | 25 | -21.9% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Cromwell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 35%, 3 bedroom homes decreased by 21.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 18 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cromwell, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Cromwell in November 2024, down by 40.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Cromwell, CT
We’re sorry, we don't have information for this market at the moment
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