Is Litchfield County, 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, Litchfield County has remained a Seller's Market.
Housing Prices in Litchfield County, CT
How much do homes in Litchfield County, CT cost?
Median Sold Price
$340,571
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Litchfield County was $340,571 in May 2024, up 13.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154.2K | $175K | +13.5% |
2 Bedrooms | $220K | $249.6K | +13.5% |
3 Bedrooms | $310K | $346.4K | +11.8% |
4 Bedrooms | $435K | $498.6K | +14.6% |
5+ Bedrooms | $377.5K | $416.2K | +10.3% |
Summary: Litchfield County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Counties
Litchfield County | $300.6K | $340.5K | +13.3% |
Hartford County | $299.9K | $330K | +10.0% |
New Haven County | $309.8K | $340.3K | +9.8% |
Fairfield County | $538.7K | $581.7K | +8.0% |
Dutchess County | $395.8K | $425.3K | +7.5% |
Housing Supply in Litchfield County, CT
How many homes are available in Litchfield County, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
771 | 866 | +12.3% |
Summary: The Litchfield County real estate market had 866 homes for sale in May 2024, a 12.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 25 | -3.8% |
2 Bedrooms | 119 | 139 | +16.8% |
3 Bedrooms | 349 | 376 | +7.7% |
4 Bedrooms | 187 | 222 | +18.7% |
5+ Bedrooms | 90 | 104 | +15.6% |
Summary: The Litchfield County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
150 | 177 | +18.0% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
98 Homes Were Sold
Over Asking
Summary: A total of 177 homes were sold or pending in Litchfield County in May 2024, up by 18.0% month-over-month. Of the 177 sold homes, 31% were sold under asking, 14% were sold at asking, and 55% were sold over asking.
Days on Market for Litchfield County, CT
We’re sorry, we don't have information for this market at the moment