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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sprague is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Sprague was a Buyer's Market.

Key Takeaway

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

Housing Prices in Sprague, CT

How much do homes in Sprague, CT cost?

Median Sold Price

$280,000

$202/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$87,000(-23.7%)

Key Takeaway

Homes in Sprague have sold for 23.7% less than they did a month ago.

Summary: The median home sold price in Sprague was $280,000 in October 2024, down 23.7% from last month, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$240K
N/A
4 -$502K
N/A
5+ $367K$280K
-23.7%

Summary: Sprague housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.7%.

Median Sold Price Compared To Nearby Cities

Sprague
-23.7%
Scotland
-34.8%

Housing Supply in Sprague, CT

How many homes are available in Sprague, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
119-18.2%

Summary: The Sprague real estate market had 9 homes for sale in October 2024, a 18.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 11
0.0%
5+ 53
-40.0%

Summary: The Sprague 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sprague, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Sprague in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Sprague, 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 16 Days Ago

Newest Listings in Sprague, CT

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