$5,807 Closing Credit*
$489,000
2,400 SqFt
4 Beds
•3 Full Baths
Renee McCammon, Listing Office: Berkshire Hathaway NE Prop.
Is Montville, 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, Montville has remained a Seller's Market.
Key Takeaway
Montville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montville, CT
How much do homes in Montville, CT cost?
Median Sold Price
$325,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,500(+15.0%)
Key Takeaway
Homes in Montville have sold for 15% more than they did a year ago.
Summary: The median home sold price in Montville was $325,000 in October 2024, up 15% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.5K | $107.5K | -41.4% |
| 2 Bedrooms | $213K | $212K | -0.5% |
| 3 Bedrooms | $289K | $330K | +14.2% |
| 4 Bedrooms | $350K | $365K | +4.3% |
| 5+ Bedrooms | $305K | $363K | +19.0% |
Summary: Montville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Cities
| Oakdale | $297.2K | $352.5K | +18.6% |
| Uncasville | $271K | $320K | +18.1% |
| Montville | $282.5K | $325K | +15.0% |
| Norwich | $225.2K | $252K | +11.9% |
Housing Supply in Montville, CT
How many homes are available in Montville, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 69 | +9.5% |
Summary: The Montville real estate market had 69 homes for sale in October 2024, a 9.5% 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 32 | 35 | +9.4% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Montville 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 decreased by 8.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montville, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Montville in October 2024, up by 23.1% month-over-month. Of the 16 sold homes, 19% were sold under asking, 13% were sold at asking, and 69% were sold over asking.
Days on Market for Montville, CT
We’re sorry, we don't have information for this market at the moment
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