$3,266 Closing Credit*
$275,000
1,001 SqFt
2 Beds
•1 Full Bath
Derek Greene, Listing Office: The Greene Realty Group
Is Higganum, 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, Higganum has remained a Seller's Market.
Key Takeaway
Higganum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Higganum, CT
How much do homes in Higganum, CT cost?
Median Sold Price
$435,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,100(+8.8%)
Key Takeaway
Homes in Higganum have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Higganum was $435,000 in November 2024, up 8.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | $205K | $390K | +90.2% |
| 3 Bedrooms | $382.5K | $430K | +12.4% |
| 4 Bedrooms | $602.5K | $500K | -17.0% |
| 5+ Bedrooms | $385K | $577.5K | +50.0% |
Summary: Higganum housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 90.2%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
| Higganum | $399.9K | $435K | +8.8% |
| Haddam | $407.5K | $435K | +6.7% |
| Durham | $420K | $445K | +6.0% |
| Killingworth | $540K | $535K | -0.9% |
| Chester | $450K | $414.5K | -7.9% |
Housing Supply in Higganum, CT
How many homes are available in Higganum, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Higganum real estate market had 18 homes for sale in November 2024, a 5.3% 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 | 6 | -14.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Higganum 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 14.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Higganum, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Higganum in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Higganum, CT
We’re sorry, we don't have information for this market at the moment
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