$8,283 Closing Credit*
$697,500
2,002 SqFt
2 Beds
•2 Full Baths, 1 Partial
Carla Mousch, Listing Office: William Raveis Real Estate
Is Old Saybrook, 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, Old Saybrook has remained a Seller's Market.
Key Takeaway
Old Saybrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Saybrook, CT
How much do homes in Old Saybrook, CT cost?
Median Sold Price
$685,000
$389/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$115,000(+20.2%)
Key Takeaway
Homes in Old Saybrook have sold for 20.2% more than they did a year ago.
Summary: The median home sold price in Old Saybrook was $685,000 in November 2024, up 20.2% from last year, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $411.2K | $350K | -14.9% |
| 2 Bedrooms | $535K | $520.9K | -2.6% |
| 3 Bedrooms | $560K | $699.9K | +25.0% |
| 4 Bedrooms | $787.4K | $825K | +4.8% |
| 5+ Bedrooms | $685K | $780K | +13.9% |
Summary: Old Saybrook housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in Old Saybrook, CT
How many homes are available in Old Saybrook, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 53 | -1.9% |
Summary: The Old Saybrook real estate market had 53 homes for sale in November 2024, a 1.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Old Saybrook housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Saybrook, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Old Saybrook in November 2024, the same as the previous month. Of the 14 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Old Saybrook, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.