Is North Stonington, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Stonington is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Stonington was a Buyer's Market.

Key Takeaway

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

Housing Prices in North Stonington, CT

How much do homes in North Stonington, CT cost?

Median Sold Price

$410,500

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,500(-1.1%)

Key Takeaway

Homes in North Stonington have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in North Stonington was $410,500 in November 2024, down 1.1% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$340K
N/A
2 $294K$362.5K
+23.3%
3 $417.5K$432.5K
+3.6%
4 $462.5K$403K
-12.9%
5+ -$360K
N/A

Summary: North Stonington 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 23.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Westerly
+15.7%
Hopkinton
+13.1%
Pawcatuck
+2.4%
North Stonington
-1.1%

Housing Supply in North Stonington, CT

How many homes are available in North Stonington, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2015-25.0%

Summary: The North Stonington real estate market had 15 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 128
-33.3%
4 43
-25.0%
5+ 00
0.0%

Summary: The North Stonington 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer71%14%14%

Key Takeaway

If you're buying a home in North Stonington, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in North Stonington in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for North Stonington, 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 17 Days Ago

Newest Listings in North Stonington, CT

Nearby Markets to North Stonington, CT

What housing markets are near North Stonington, CT?