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 November 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

$360,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,875(+10.7%)

Key Takeaway

Homes in Wallingford have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Wallingford was $360,000 in November 2024, up 10.7% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $124K$126K
+1.6%
2 $240K$270K
+12.5%
3 $343.7K$375K
+9.1%
4 $410K$487K
+18.8%
5+ $433.5K$582.5K
+34.4%

Summary: Wallingford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 34.4%.

Median Sold Price Compared To Nearby Cities

Meriden
+16.2%
North Haven
+11.6%
Wallingford
+10.7%
North Branford
+7.0%
Northford
+6.5%

Housing Supply in Wallingford, CT

How many homes are available in Wallingford, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
137103-24.8%

Summary: The Wallingford real estate market had 103 homes for sale in November 2024, a 24.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 95
-44.4%
2 3229
-9.4%
3 5942
-28.8%
4 2822
-21.4%
5+ 95
-44.4%

Summary: The Wallingford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 28.8%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 44.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5441-24.1%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

22 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. 53.7% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in Wallingford in November 2024, down by 24.1% month-over-month. Of the 41 sold homes, 37% were sold under asking, 10% were sold at asking, and 54% 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 17 Days Ago

Newest Listings in Wallingford, CT

Nearby Markets to Wallingford, CT

What housing markets are near Wallingford, CT?