$2,730 Closing Credit*
$229,900
2,045 SqFt
2 Beds
•1 Full Bath, 1 Partial
Shelby Muraski, Listing Office: Coldwell Banker Realty
Is Cromwell, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cromwell was a Neutral 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 October 2023
+$18,000(+6.2%)
Key Takeaway
Homes in Cromwell have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Cromwell was $310,000 in October 2024, up 6.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139K | $165K | +18.7% |
| 2 Bedrooms | $217.4K | $235.5K | +8.3% |
| 3 Bedrooms | $355.5K | $410K | +15.3% |
| 4 Bedrooms | $480.5K | $510K | +6.1% |
| 5+ Bedrooms | $461K | $676.2K | +46.7% |
Summary: Cromwell housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 46.7%.
Median Sold Price Compared To Nearby Cities
| Portland | $300K | $365K | +21.7% |
| East Berlin | $310K | $350K | +12.9% |
| Rocky Hill | $317.5K | $350K | +10.2% |
| Middletown | $280K | $308K | +10.0% |
| Cromwell | $292K | $310K | +6.2% |
Housing Supply in Cromwell, CT
How many homes are available in Cromwell, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 65 | -1.5% |
Summary: The Cromwell real estate market had 65 homes for sale in October 2024, a 1.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Cromwell housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 24 | +100.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cromwell, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Cromwell in October 2024, up by 100.0% month-over-month. Of the 24 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% 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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