$3,918 Closing Credit*
$329,900
858 SqFt
3 Beds
•1 Full Bath
Jennifer Jennings, Listing Office: William Raveis Real Estate
Is Waterford, 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, 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
$370,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+12.1%)
Key Takeaway
Homes in Waterford have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Waterford was $370,000 in October 2024, up 12.1% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $212.5K | +1.2% |
| 2 Bedrooms | $260K | $313K | +20.4% |
| 3 Bedrooms | $357.5K | $365K | +2.1% |
| 4 Bedrooms | $410K | $507.5K | +23.8% |
| 5+ Bedrooms | $459.9K | $440K | -4.3% |
Summary: Waterford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| New London | $249.8K | $282K | +12.9% |
| Waterford | $330K | $370K | +12.1% |
| Niantic | $437.5K | $475K | +8.6% |
| East Lyme | $450K | $480K | +6.7% |
| Quaker Hill | $346.5K | $350.5K | +1.2% |
Housing Supply in Waterford, CT
How many homes are available in Waterford, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 69 | -22.5% |
Summary: The Waterford real estate market had 69 homes for sale in October 2024, a 22.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 18 | 10 | -44.4% |
| 3 Bedrooms | 46 | 41 | -10.9% |
| 4 Bedrooms | 17 | 11 | -35.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Waterford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 44.4%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 16 | -52.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterford, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Waterford in October 2024, down by 52.9% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% 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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