Is Wethersfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$352,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wethersfield have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Wethersfield was $352,000 in May 2024, up 8.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $118K | +24.2% |
| 2 Bedrooms | $243.7K | $285K | +16.9% |
| 3 Bedrooms | $325K | $348.7K | +7.3% |
| 4 Bedrooms | $426K | $485K | +13.8% |
| 5+ Bedrooms | $422.5K | $455K | +7.7% |
Summary: Wethersfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.2%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Newington | $279.5K | $319.1K | +14.2% |
| Rocky Hill | $304.1K | $345.1K | +13.5% |
| Hartford | $241.4K | $271K | +12.2% |
| East Hartford | $244K | $267.1K | +9.5% |
| Wethersfield | $325K | $352K | +8.3% |
Housing Supply in Wethersfield, CT
How many homes are available in Wethersfield, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 53 | +17.8% |
Summary: The Wethersfield real estate market had 53 homes for sale in May 2024, a 17.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Wethersfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wethersfield, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Wethersfield in May 2024, the same as the previous month. Of the 15 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Wethersfield, CT
We’re sorry, we don't have information for this market at the moment
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