$2,374 Closing Credit*
$199,900
1,168 SqFt
2 Beds
•1 Full Bath
Lisa McCarthy, Listing Office: Coldwell Banker Realty
Is South West, 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, South West has remained a Seller's Market.
Key Takeaway
South West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South West, CT
How much do homes in South West, CT cost?
Median Sold Price
$289,450
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,450(+11.3%)
Key Takeaway
Homes in South West have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in South West was $289,450 in November 2024, up 11.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $265K | +17.8% |
| 3 Bedrooms | $252.5K | $275K | +8.9% |
| 4 Bedrooms | $315K | $310K | -1.6% |
| 5+ Bedrooms | $367.5K | $425K | +15.6% |
Summary: South West 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 17.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Neighborhoods
| South End | $240K | $313K | +30.4% |
| Barry Square | $285.4K | $344.7K | +20.8% |
| Behind the Rocks | $230K | $277.5K | +20.7% |
| South West | $260K | $289.4K | +11.3% |
Housing Supply in South West, CT
How many homes are available in South West, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The South West real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South West, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in South West in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for South West, CT
We’re sorry, we don't have information for this market at the moment
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