Is Southport, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Southport was a Seller's Market.
Key Takeaway
Southport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southport, CT
How much do homes in Southport, CT cost?
Median Sold Price
$1,221,329
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southport have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Southport was $1,221,329 in May 2024, up 1.8% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $477.5K | $490K | +2.6% |
| 3 Bedrooms | $812.5K | $890K | +9.5% |
| 4 Bedrooms | $1.4M | $1.2M | -13.3% |
| 5+ Bedrooms | $2.2M | $1.8M | -20.3% |
Summary: Southport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 20.3%.
Housing Supply in Southport, CT
How many homes are available in Southport, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Southport real estate market had 20 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Southport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 1 | -88.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southport, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Southport in May 2024, down by 88.9% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Southport, CT
We’re sorry, we don't have information for this market at the moment
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