$10,000 Closing Credit*
$1,800,000
2,388 SqFt
4 Beds
•3 Full Baths, 1 Partial
Bob Yostos, Listing Office: Coldwell Banker Realty
Is Essex, 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, Essex was a Seller's Market.
Key Takeaway
Essex is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Essex, CT
How much do homes in Essex, CT cost?
Median Sold Price
$622,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,000(+15.2%)
Key Takeaway
Homes in Essex have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Essex was $622,000 in November 2024, up 15.2% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $338K | -4.8% |
| 2 Bedrooms | $390K | $345K | -11.5% |
| 3 Bedrooms | $567.5K | $582.5K | +2.6% |
| 4 Bedrooms | $625K | $885K | +41.6% |
| 5+ Bedrooms | $1.3M | $2.0M | +45.9% |
Summary: Essex housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 41.6%, and 5+ bedroom homes increased by 45.9%.
Median Sold Price Compared To Nearby Cities
| Deep River | $332.9K | $424K | +27.4% |
| Ivoryton | $403K | $501K | +24.3% |
| Old Saybrook | $570K | $685K | +20.2% |
| Essex | $540K | $622K | +15.2% |
Housing Supply in Essex, CT
How many homes are available in Essex, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 29 | -21.6% |
Summary: The Essex real estate market had 29 homes for sale in November 2024, a 21.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Essex 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 28.6%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Essex, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Essex in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Essex, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.