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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wethersfield is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Wethersfield, CT

How much do homes in Wethersfield, CT cost?

Median Sold Price

$365,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,583(+7.5%)

Key Takeaway

Homes in Wethersfield have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Wethersfield was $365,000 in November 2024, up 7.5% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $118K$125K
+5.9%
2 $265K$292K
+10.2%
3 $340K$362.5K
+6.6%
4 $468.5K$520K
+11.0%
5+ $455K$475K
+4.4%

Summary: Wethersfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Cities

Hartford
+18.0%
East Hartford
+14.0%
Rocky Hill
+9.4%
Wethersfield
+7.5%
Newington
+6.8%

Housing Supply in Wethersfield, CT

How many homes are available in Wethersfield, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5855-5.2%

Summary: The Wethersfield real estate market had 55 homes for sale in November 2024, a 5.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 149
-35.7%
3 3128
-9.7%
4 1013
+30.0%
5+ 34
+33.3%

Summary: The Wethersfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1722+29.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wethersfield, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Wethersfield in November 2024, up by 29.4% month-over-month. Of the 22 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for Wethersfield, 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 Wethersfield, CT

Nearby Markets to Wethersfield, CT

What housing markets are near Wethersfield, CT?