$8,419 Closing Credit*
$709,000
1,530 SqFt
2 Beds
•2 Full Baths
Dipti Joshi, Listing Office: Sunbelt Sales & Development
Is Downtown, 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, Downtown has remained a Seller's Market.
Key Takeaway
Downtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Downtown, CT
How much do homes in Downtown, CT cost?
Median Sold Price
$385,000
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,300(+11.0%)
Key Takeaway
Homes in Downtown have sold for 11% more than they did a year ago.
Summary: The median home sold price in Downtown was $385,000 in November 2024, up 11% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $293.6K | +15.1% |
| 2 Bedrooms | $400K | $420K | +5.0% |
| 3 Bedrooms | $675K | $570K | -15.6% |
| 4 Bedrooms | $679.5K | $1.0M | +58.2% |
| 5+ Bedrooms | $2.5M | $892K | -64.3% |
Summary: Downtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 58.2%, and 5+ bedroom homes decreased by 64.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Shippan | $439K | $525K | +19.6% |
| Downtown | $346.7K | $385K | +11.0% |
| Glenbrook | $387.5K | $410K | +5.8% |
| Hubbard Heights | $562K | $470K | -16.4% |
Housing Supply in Downtown, CT
How many homes are available in Downtown, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 39 | -25.0% |
Summary: The Downtown real estate market had 39 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 20 | -13.0% |
| 2 Bedrooms | 22 | 13 | -40.9% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Downtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13%, 2 bedroom homes decreased by 40.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 8 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Downtown in November 2024, down by 55.6% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Downtown, CT
We’re sorry, we don't have information for this market at the moment
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