$2,791 Closing Credit*
$235,000
1,130 SqFt
4 Beds
•1 Full Bath, 1 Partial
Tammy Tinnerello, Listing Office: William Pitt Sotheby's Int'l
Is Gales Ferry, 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, Gales Ferry has remained a Seller's Market.
Key Takeaway
Gales Ferry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gales Ferry, CT
How much do homes in Gales Ferry, CT cost?
Median Sold Price
$390,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+20.0%)
Key Takeaway
Homes in Gales Ferry have sold for 20% more than they did a year ago.
Summary: The median home sold price in Gales Ferry was $390,000 in October 2024, up 20% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $149.5K | $151.5K | +1.3% |
| 3 Bedrooms | $320K | $382.5K | +19.5% |
| 4 Bedrooms | $375.5K | $410K | +9.2% |
| 5+ Bedrooms | $415K | $450K | +8.4% |
Summary: Gales Ferry housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Gales Ferry | $325K | $390K | +20.0% |
| Uncasville | $271K | $320K | +18.1% |
| Ledyard | $330.3K | $380K | +15.0% |
| Quaker Hill | $346.5K | $350.5K | +1.2% |
| Preston | $351K | $355K | +1.1% |
Housing Supply in Gales Ferry, CT
How many homes are available in Gales Ferry, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Gales Ferry real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Gales Ferry housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gales Ferry, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Gales Ferry in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Gales Ferry, CT
We’re sorry, we don't have information for this market at the moment
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