$4,691 Closing Credit*
$395,000
2,144 SqFt
3 Beds
•2 Full Baths
Deborah Ridolfi, Listing Office: Pavlik Real Estate LLC
Is Prospect, 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, Prospect has remained a Seller's Market.
Key Takeaway
Prospect is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prospect, CT
How much do homes in Prospect, CT cost?
Median Sold Price
$400,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+9.6%)
Key Takeaway
Homes in Prospect have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Prospect was $400,000 in November 2024, up 9.6% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $350K | +14.8% |
| 3 Bedrooms | $370K | $380K | +2.7% |
| 4 Bedrooms | $426K | $536.5K | +25.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Prospect 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 14.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes did not change.
Housing Supply in Prospect, CT
How many homes are available in Prospect, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Summary: The Prospect real estate market had 27 homes for sale in November 2024, a 3.6% 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 | 10 | 8 | -20.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Prospect 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prospect, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Prospect in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Prospect, CT
We’re sorry, we don't have information for this market at the moment
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