$5,926 Closing Credit*
$499,009
2,025 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michelle Macneil, 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 October 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
$667,500
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$97,500(+17.1%)
Key Takeaway
Homes in Old Saybrook have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Old Saybrook was $667,500 in October 2024, up 17.1% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $311.2K | -43.4% |
| 2 Bedrooms | $545K | $505K | -7.3% |
| 3 Bedrooms | $552.5K | $660K | +19.5% |
| 4 Bedrooms | $808.4K | $825K | +2.0% |
| 5+ Bedrooms | $935K | $737.5K | -21.1% |
Summary: Old Saybrook housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.4%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 21.1%.
Housing Supply in Old Saybrook, CT
How many homes are available in Old Saybrook, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 57 | -3.4% |
Summary: The Old Saybrook real estate market had 57 homes for sale in October 2024, a 3.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Old Saybrook 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 20%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
7 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. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Old Saybrook in October 2024, down by 13.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% 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
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