$6,233 Closing Credit*
$524,900
1,496 SqFt
3 Beds
•1 Full Bath, 1 Partial
Stephanie Ellison, Listing Office: Ellison Homes Real Estate
Is Walnut Beach / Laurel Beach, 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, Walnut Beach / Laurel Beach has remained a Seller's Market.
Key Takeaway
Walnut Beach / Laurel Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Walnut Beach / Laurel Beach, CT
How much do homes in Walnut Beach / Laurel Beach, CT cost?
Median Sold Price
$442,500
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,250(+4.8%)
Key Takeaway
Homes in Walnut Beach / Laurel Beach have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Walnut Beach / Laurel Beach was $442,500 in October 2024, up 4.8% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262K | $275K | +5.0% |
| 2 Bedrooms | $311.8K | $392.5K | +25.9% |
| 3 Bedrooms | $431K | $480K | +11.4% |
| 4 Bedrooms | $600K | $535K | -10.8% |
| 5+ Bedrooms | $1.1M | $699K | -36.5% |
Summary: Walnut Beach / Laurel Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 36.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Devon | $379K | $445K | +17.4% |
| Walnut Beach / Laurel Beach | $422.2K | $442.5K | +4.8% |
| Downtown / Harbor / Post Road South | $419.9K | $427.5K | +1.8% |
| Silver Beach | $459.5K | $459.9K | 0.1% |
Housing Supply in Walnut Beach / Laurel Beach, CT
How many homes are available in Walnut Beach / Laurel Beach, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 34 | -15.0% |
Summary: The Walnut Beach / Laurel Beach real estate market had 34 homes for sale in October 2024, a 15.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Walnut Beach / Laurel Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Walnut Beach / Laurel Beach, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Walnut Beach / Laurel Beach in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Walnut Beach / Laurel Beach, CT
We’re sorry, we don't have information for this market at the moment
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