Is Washington, 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, Washington was a Buyer's Market.
Key Takeaway
Washington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Washington, CT
How much do homes in Washington, CT cost?
Median Sold Price
$1,052,000
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Washington have sold for 76.8% more than they did a year ago.
Summary: The median home sold price in Washington was $1,052,000 in May 2024, up 76.8% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $480K | N/A |
| 2 Bedrooms | $418K | $515K | +23.2% |
| 3 Bedrooms | $560K | $990K | +76.8% |
| 4 Bedrooms | $1.3M | $1.2M | -6.8% |
| 5+ Bedrooms | $2.4M | $1.5M | -35.8% |
Summary: Washington 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 23.2%, 3 bedroom homes increased by 76.8%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 35.8%.
Median Sold Price Compared To Nearby Cities
| Washington | $595K | $1.0M | +76.8% |
| Warren | $700K | $507.5K | -27.5% |
Housing Supply in Washington, CT
How many homes are available in Washington, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 47 | +9.3% |
Summary: The Washington real estate market had 47 homes for sale in May 2024, a 9.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Washington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Washington, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Washington in May 2024, the same as the previous month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Washington, CT
We’re sorry, we don't have information for this market at the moment
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