Is Cheshire, 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, Cheshire has remained a Seller's Market.
Housing Prices in Cheshire, CT
How much do homes in Cheshire, CT cost?
Median Sold Price
$444,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cheshire was $444,000 in May 2024, up 5.7% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $147K | +5.0% |
2 Bedrooms | $270K | $285K | +5.6% |
3 Bedrooms | $387.5K | $425K | +9.7% |
4 Bedrooms | $549.9K | $595.5K | +8.3% |
5+ Bedrooms | $620K | $560K | -9.7% |
Summary: Cheshire housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Cities
Meriden | $240.1K | $275K | +14.5% |
Plantsville | $317.5K | $352.5K | +11.0% |
Wallingford | $323.7K | $345.1K | +6.6% |
Cheshire | $420K | $444K | +5.7% |
Prospect | $360K | $370K | +2.8% |
Housing Supply in Cheshire, CT
How many homes are available in Cheshire, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 101 | +11.0% |
Summary: The Cheshire real estate market had 101 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 26 | +62.5% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 35 | 31 | -11.4% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Cheshire 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 increased by 62.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 30 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Cheshire in May 2024, up by 50.0% month-over-month. Of the 30 sold homes, 3% were sold under asking, 13% were sold at asking, and 83% were sold over asking.
Days on Market for Cheshire, CT
We’re sorry, we don't have information for this market at the moment