$3,443 Closing Credit*
$289,900
1,317 SqFt
3 Beds
•1 Full Bath
Deborah Chessari, Listing Office: Coldwell Banker Realty
Is Simsbury, 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, Simsbury has remained a Seller's Market.
Key Takeaway
Simsbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Simsbury, CT
How much do homes in Simsbury, CT cost?
Median Sold Price
$450,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.7%)
Key Takeaway
Homes in Simsbury have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Simsbury was $450,000 in October 2024, up 4.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $162.2K | +39.9% |
| 2 Bedrooms | $271K | $276.1K | +1.9% |
| 3 Bedrooms | $382K | $425K | +11.3% |
| 4 Bedrooms | $480K | $555K | +15.6% |
| 5+ Bedrooms | $697.5K | $755K | +8.2% |
Summary: Simsbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| West Simsbury | $503K | $577.5K | +14.8% |
| Bloomfield | $318.8K | $345K | +8.2% |
| Simsbury | $430K | $450K | +4.7% |
| Weatogue | $386K | $355K | -8.0% |
Housing Supply in Simsbury, CT
How many homes are available in Simsbury, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 94 | +14.6% |
Summary: The Simsbury real estate market had 94 homes for sale in October 2024, a 14.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Simsbury housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Simsbury, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Simsbury in October 2024, up by 8.0% month-over-month. Of the 27 sold homes, 37% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for Simsbury, CT
We’re sorry, we don't have information for this market at the moment
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