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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wallingford is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Wallingford, CT

How much do homes in Wallingford, CT cost?

Median Sold Price

$355,500

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,500(+8.7%)

Key Takeaway

Homes in Wallingford have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Wallingford was $355,500 in October 2024, up 8.7% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $124K$128K
+3.2%
2 $240K$270K
+12.5%
3 $340.7K$375K
+10.0%
4 $415K$485.4K
+17.0%
5+ $433.5K$545.1K
+25.7%

Summary: Wallingford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 25.7%.

Median Sold Price Compared To Nearby Cities

Meriden
+15.5%
North Haven
+11.5%
North Branford
+10.8%
Wallingford
+8.7%
Northford
+7.5%

Housing Supply in Wallingford, CT

How many homes are available in Wallingford, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
136133-2.2%

Summary: The Wallingford real estate market had 133 homes for sale in October 2024, a 2.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 79
+28.6%
2 3030
0.0%
3 6259
-4.8%
4 2626
0.0%
5+ 119
-18.2%

Summary: The Wallingford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3848+26.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wallingford, you could pay more than the asking price. 60.4% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Wallingford in October 2024, up by 26.3% month-over-month. Of the 48 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.

Days on Market for Wallingford, 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 Wallingford, CT

Nearby Markets to Wallingford, CT

What housing markets are near Wallingford, CT?