$10,000 Closing Credit*
$1,950,000
4,639 SqFt
6 Beds
•8 Full Baths
Jorge Zea, Listing Office: Blue Lighthouse Realty, Inc
Is Stonington, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Stonington was a Seller's Market.
Key Takeaway
Stonington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Stonington, CT
How much do homes in Stonington, CT cost?
Median Sold Price
$725,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,000(-3.6%)
Key Takeaway
Homes in Stonington have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Stonington was $725,000 in November 2024, down 3.6% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $597.5K | $572.5K | -4.2% |
| 2 Bedrooms | $392.5K | $525K | +33.8% |
| 3 Bedrooms | $639.9K | $575K | -10.1% |
| 4 Bedrooms | $985K | $1.0M | +9.1% |
| 5+ Bedrooms | $1.1M | $1.1M | 0.5% |
Summary: Stonington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 33.8%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in Stonington, CT
How many homes are available in Stonington, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 49 | -10.9% |
Summary: The Stonington real estate market had 49 homes for sale in November 2024, a 10.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Stonington 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 increased by 14.3%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stonington, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Stonington in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Stonington, CT
We’re sorry, we don't have information for this market at the moment
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