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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodmont is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Woodmont, CT

How much do homes in Woodmont, CT cost?

Median Sold Price

$665,000

$334/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$240,000(+56.5%)

Key Takeaway

Homes in Woodmont have sold for 56.5% more than they did a year ago.

Summary: The median home sold price in Woodmont was $665,000 in November 2024, up 56.5% from last year, and the median price per square foot was $334.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $215K$250K
+16.3%
2 $240K$330.7K
+37.8%
3 $700K$540K
-22.9%
4 $1.1M$957.5K
-20.2%
5+ $700K$785K
+12.1%

Summary: Woodmont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 37.8%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Cities

Woodmont
+56.5%
West Haven
+14.8%
Milford
+8.9%

Housing Supply in Woodmont, CT

How many homes are available in Woodmont, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The Woodmont real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 00
0.0%
3 66
0.0%
4 11
0.0%
5+ 22
0.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were 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 3 homes were sold or pending in Woodmont in November 2024, up by 200.0% month-over-month. Of the 3 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 17 Days Ago

Newest Listings in Woodmont, CT

Nearby Markets to Woodmont, CT

What housing markets are near Woodmont, CT?