Is Turn of River, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Turn of River is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Turn of River has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Turn of River, CT

How much do homes in Turn of River, CT cost?

Median Sold Price

$750,000

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$74,000(+10.9%)

Key Takeaway

Homes in Turn of River have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Turn of River was $750,000 in November 2024, up 10.9% from last year, and the median price per square foot was $359.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $400K$441K
+10.3%
2 $572.5K$550K
-3.9%
3 $678.5K$750K
+10.5%
4 $880K$840K
-4.5%
5+ $1.3M$960K
-30.1%

Summary: Turn of River housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 30.1%.

Median Sold Price Compared To Nearby Neighborhoods

Belltown
+24.1%
Turn of River
+10.9%
Glenbrook
+5.8%
Springdale
+4.4%
Newfield
-4.1%

Housing Supply in Turn of River, CT

How many homes are available in Turn of River, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3628-22.2%

Summary: The Turn of River real estate market had 28 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 1916
-15.8%
4 116
-45.5%
5+ 32
-33.3%

Summary: The Turn of River 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 50%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Turn of River in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Turn of River, 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 Turn of River, CT

Nearby Markets to Turn of River, CT