$1,722 Closing Credit*
$145,000
1,494 SqFt
2 Beds
•1 Full Bath
Jennifer Holt, Listing Office: Coldwell Banker Realty
Is Vernon, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Vernon has remained a Seller's Market.
Key Takeaway
Vernon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vernon, CT
How much do homes in Vernon, CT cost?
Median Sold Price
$295,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+10.9%)
Key Takeaway
Homes in Vernon have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Vernon was $295,000 in October 2024, up 10.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.5K | $132.5K | +33.2% |
| 2 Bedrooms | $179.6K | $212.5K | +18.3% |
| 3 Bedrooms | $286K | $321.2K | +12.3% |
| 4 Bedrooms | $335.7K | $360K | +7.2% |
| 5+ Bedrooms | $317K | $358.5K | +13.1% |
Summary: Vernon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Bolton | $378K | $430K | +13.8% |
| South Windsor | $357K | $404.5K | +13.3% |
| Manchester | $275K | $310K | +12.7% |
| Vernon | $266K | $295K | +10.9% |
| Vernon Rockville | $268K | $295K | +10.1% |
Housing Supply in Vernon, CT
How many homes are available in Vernon, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 73 | +7.4% |
Summary: The Vernon real estate market had 73 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Vernon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vernon, you could pay more than the asking price. 82.6% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Vernon in October 2024, up by 9.5% month-over-month. Of the 23 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Vernon, CT
We’re sorry, we don't have information for this market at the moment
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