Is Waterford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Waterford has remained a Seller's Market.
Key Takeaway
Waterford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterford, CT
How much do homes in Waterford, CT cost?
Median Sold Price
$349,500
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Waterford have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Waterford was $349,500 in May 2024, up 9.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $224K | +24.4% |
| 2 Bedrooms | $245K | $273.7K | +11.7% |
| 3 Bedrooms | $349K | $352.5K | +1.0% |
| 4 Bedrooms | $415K | $450K | +8.4% |
| 5+ Bedrooms | $400K | $513K | +28.2% |
Summary: Waterford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Cities
| Niantic | $385K | $449.5K | +16.8% |
| East Lyme | $400K | $457.5K | +14.4% |
| Waterford | $320K | $349.5K | +9.2% |
| New London | $249K | $271.5K | +9.0% |
| Quaker Hill | $328.4K | $325K | -1.0% |
Housing Supply in Waterford, CT
How many homes are available in Waterford, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 95 | +18.8% |
Summary: The Waterford real estate market had 95 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 18 | +63.6% |
| 3 Bedrooms | 46 | 47 | +2.2% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Waterford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 32 | +113.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterford, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Waterford in May 2024, up by 113.3% month-over-month. Of the 32 sold homes, 41% were sold under asking, 16% were sold at asking, and 44% were sold over asking.
Days on Market for Waterford, CT
We’re sorry, we don't have information for this market at the moment
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