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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodmont is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Woodmont was a Seller's Market.

Key Takeaway

Woodmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Woodmont, CT

How much do homes in Woodmont, CT cost?

Median Sold Price

$285,000

$547/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$140,000(-32.9%)

Key Takeaway

Homes in Woodmont have sold for 32.9% less than they did a month ago.

Summary: The median home sold price in Woodmont was $285,000 in October 2024, down 32.9% from last month, and the median price per square foot was $547.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $215K$285K
+32.6%
2 $300K-
N/A
3 $425K-
N/A
4 --
N/A
5+ $1.4M-
N/A

Summary: Woodmont housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 32.6%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Woodmont, CT

How many homes are available in Woodmont, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118-27.3%

Summary: The Woodmont real estate market had 8 homes for sale in October 2024, a 27.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 10
-100.0%
3 55
0.0%
4 00
0.0%
5+ 32
-33.3%

Summary: The Woodmont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodmont, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Woodmont in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Woodmont, 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 16 Days Ago

Newest Listings in Woodmont, CT

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