Is Ledyard, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ledyard has remained a Seller's Market.
Key Takeaway
Ledyard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ledyard, CT
How much do homes in Ledyard, CT cost?
Median Sold Price
$350,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ledyard have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Ledyard was $350,000 in April 2024, up 7.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96K | $112.5K | +17.2% |
| 2 Bedrooms | $144K | $160K | +11.1% |
| 3 Bedrooms | $309K | $334K | +8.1% |
| 4 Bedrooms | $395.9K | $410K | +3.6% |
| 5+ Bedrooms | $357.6K | $416.5K | +16.5% |
Summary: Ledyard housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Mystic | $440K | $512.5K | +16.5% |
| Preston | $311K | $353K | +13.5% |
| Gales Ferry | $320K | $347.5K | +8.6% |
| Ledyard | $325K | $350K | +7.7% |
Housing Supply in Ledyard, CT
How many homes are available in Ledyard, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The Ledyard real estate market had 49 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Ledyard housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 11 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ledyard, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Ledyard in April 2024, down by 50.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for Ledyard, CT
We’re sorry, we don't have information for this market at the moment
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