Is Mansfield, 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, Mansfield has remained a Seller's Market.
Housing Prices in Mansfield, CT
How much do homes in Mansfield, CT cost?
Median Sold Price
$330,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mansfield was $330,000 in May 2024, up 10% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142K | $175K | +23.2% |
2 Bedrooms | $185K | $142.4K | -23.0% |
3 Bedrooms | $310K | $345K | +11.3% |
4 Bedrooms | $377K | $410K | +8.8% |
5+ Bedrooms | $415K | $459K | +10.6% |
Summary: Mansfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes decreased by 23%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Storrs Mansfield | $300K | $355K | +18.3% |
Coventry | $294K | $337.5K | +14.8% |
Mansfield | $299.9K | $330K | +10.0% |
Windham | $220K | $238.5K | +8.4% |
Mansfield Center | $285K | $298K | +4.6% |
Housing Supply in Mansfield, CT
How many homes are available in Mansfield, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 40 | +17.6% |
Summary: The Mansfield real estate market had 40 homes for sale in May 2024, a 17.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 7 | 13 | +85.7% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Mansfield 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 14.3%, 3 bedroom homes increased by 85.7%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Mansfield in May 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Mansfield, CT
We’re sorry, we don't have information for this market at the moment