Is Killingly, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Killingly is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Killingly has remained a Seller's Market.

Key Takeaway

Killingly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Killingly, CT

How much do homes in Killingly, CT cost?

Median Sold Price

$323,500

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,500(+7.8%)

Key Takeaway

Homes in Killingly have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Killingly was $323,500 in November 2024, up 7.8% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150K$210K
+40.0%
2 $250K$250K
0.0%
3 $315.1K$350K
+11.1%
4 $312.5K$364.2K
+16.6%
5+ $325K$315K
-3.1%

Summary: Killingly housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes did not change, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes decreased by 3.1%.

Median Sold Price Compared To Nearby Cities

Brooklyn
+9.5%
Danielson
+8.9%
Killingly
+7.8%
Dayville
+4.6%

Housing Supply in Killingly, CT

How many homes are available in Killingly, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5860+3.4%

Summary: The Killingly real estate market had 60 homes for sale in November 2024, a 3.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 2525
0.0%
4 812
+50.0%
5+ 1312
-7.7%

Summary: The Killingly 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 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Killingly, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Killingly in November 2024, down by 23.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.

Days on Market for Killingly, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Killingly, CT

Nearby Markets to Killingly, CT

What housing markets are near Killingly, CT?