$2,969 Closing Credit*
$250,000
1,042 SqFt
3 Beds
•1 Full Bath
Tim Bray, Listing Office: Seaport Real Estate Services
Is Preston, 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, Preston has remained a Seller's Market.
Key Takeaway
Preston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Preston, CT
How much do homes in Preston, CT cost?
Median Sold Price
$380,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,510(+3.4%)
Key Takeaway
Homes in Preston have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Preston was $380,000 in November 2024, up 3.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | $215K | +4.4% |
| 2 Bedrooms | $247.5K | $265K | +7.1% |
| 3 Bedrooms | $350.5K | $410K | +17.0% |
| 4 Bedrooms | $470K | $384K | -18.3% |
| 5+ Bedrooms | $250K | - | N/A |
Summary: Preston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gales Ferry | $324.5K | $399.9K | +23.3% |
| Lisbon | $285K | $336K | +17.9% |
| Ledyard | $331K | $390K | +17.8% |
| Norwich | $230K | $255.1K | +10.9% |
| Preston | $367.4K | $380K | +3.4% |
Housing Supply in Preston, CT
How many homes are available in Preston, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Summary: The Preston real estate market had 19 homes for sale in November 2024, a 9.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 12 | 6 | -50.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Preston 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 increased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Preston, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Preston in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Preston, CT
We’re sorry, we don't have information for this market at the moment
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