$1,900 Closing Credit*
$160,000
387 SqFt
Studio
•1 Full Bath
Evan Philippopoulos, Listing Office: RE/MAX Right Choice
Is Downtown, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$400,000
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+19.4%)
Key Takeaway
Homes in Downtown have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Downtown was $400,000 in October 2024, up 19.4% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $295K | +15.7% |
| 2 Bedrooms | $385K | $427K | +10.9% |
| 3 Bedrooms | $650.5K | $765K | +17.6% |
| 4 Bedrooms | $679.5K | $1.0M | +58.2% |
| 5+ Bedrooms | $2.5M | $892K | -64.3% |
Summary: Downtown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 58.2%, and 5+ bedroom homes decreased by 64.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown | $335K | $400K | +19.4% |
| Glenbrook | $390K | $405K | +3.8% |
Housing Supply in Downtown, CT
How many homes are available in Downtown, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 55 | +5.8% |
Summary: The Downtown real estate market had 55 homes for sale in October 2024, a 5.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 24 | +4.3% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Downtown in October 2024, up by 50.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 6% were sold at asking, and 44% 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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