Is Shelton, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shelton is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Shelton has remained a Seller's Market.

Key Takeaway

Shelton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Shelton, CT

How much do homes in Shelton, CT cost?

Median Sold Price

$488,666

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$44,166(+9.9%)

Key Takeaway

Homes in Shelton have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Shelton was $488,666 in September 2024, up 9.9% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $185K$200K
+8.1%
2 $303.5K$367.5K
+21.1%
3 $442K$500K
+13.1%
4 $592.5K$640K
+8.0%
5+ $503K$760K
+51.1%

Summary: Shelton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 51.1%.

Median Sold Price Compared To Nearby Cities

Derby
+21.4%
Trumbull
+13.6%
Stratford
+11.5%
Shelton
+9.9%
Monroe
+6.1%

Housing Supply in Shelton, CT

How many homes are available in Shelton, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
148152+2.7%

Summary: The Shelton real estate market had 152 homes for sale in September 2024, a 2.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 44
0.0%
2 4443
-2.3%
3 5260
+15.4%
4 3836
-5.3%
5+ 109
-10.0%

Summary: The Shelton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4433-25.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shelton, you could pay more than the asking price. 51.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Shelton in September 2024, down by 25.0% month-over-month. Of the 33 sold homes, 33% were sold under asking, 15% were sold at asking, and 52% were sold over asking.

Days on Market for Shelton, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Shelton, CT

Nearby Markets to Shelton, CT

What housing markets are near Shelton, CT?