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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springdale is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Springdale, CT

How much do homes in Springdale, CT cost?

Median Sold Price

$590,000

$342/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+4.4%)

Key Takeaway

Homes in Springdale have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Springdale was $590,000 in November 2024, up 4.4% from last year, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $232.5K$240.5K
+3.4%
2 $445K$455K
+2.2%
3 $640K$651.5K
+1.8%
4 $633K$730K
+15.3%
5+ $850K$900K
+5.9%

Summary: Springdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Neighborhoods

Belltown
+24.1%
Turn of River
+10.9%
Springdale
+4.4%
Newfield
-4.1%

Housing Supply in Springdale, CT

How many homes are available in Springdale, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2321-8.7%

Summary: The Springdale real estate market had 21 homes for sale in November 2024, a 8.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 76
-14.3%
3 98
-11.1%
4 22
0.0%
5+ 22
0.0%

Summary: The Springdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
111+1000.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springdale, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Springdale in November 2024, up by 1000.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for Springdale, 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 18 Days Ago

Newest Listings in Springdale, CT

Nearby Markets to Springdale, CT