$10,000 Closing Credit*
$1,399,000
5,598 SqFt
4 Beds
•3 Full Baths, 2 Partial
Sarah Fair, Listing Office: William Raveis Real Estate
Is Redding, 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, Redding has remained a Seller's Market.
Key Takeaway
Redding is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redding, CT
How much do homes in Redding, CT cost?
Median Sold Price
$863,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$68,050(+8.6%)
Key Takeaway
Homes in Redding have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Redding was $863,000 in October 2024, up 8.6% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354.9K | $390.5K | +10.0% |
| 2 Bedrooms | $525K | $602.5K | +14.8% |
| 3 Bedrooms | $746.5K | $681.8K | -8.7% |
| 4 Bedrooms | $812.4K | $900K | +10.8% |
| 5+ Bedrooms | $975K | $1.1M | +20.5% |
Summary: Redding housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in Redding, CT
How many homes are available in Redding, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 61 | +13.0% |
Summary: The Redding real estate market had 61 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 29 | 26 | -10.3% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Redding 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 remained the same, 3 bedroom homes increased by 62.5%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redding, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Redding in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Redding, CT
We’re sorry, we don't have information for this market at the moment
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