Is Colchester, 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, Colchester has remained a Seller's Market.
Key Takeaway
Colchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colchester, CT
How much do homes in Colchester, CT cost?
Median Sold Price
$399,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Colchester have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Colchester was $399,000 in April 2024, up 13.6% 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 | - | $376K | N/A |
| 2 Bedrooms | $194K | $190K | -2.1% |
| 3 Bedrooms | $350K | $397.5K | +13.6% |
| 4 Bedrooms | $440K | $450K | +2.3% |
| 5+ Bedrooms | $392.5K | $505K | +28.7% |
Summary: Colchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 28.7%.
Median Sold Price Compared To Nearby Cities
| Marlborough | $340K | $429K | +26.2% |
| Colchester | $351.3K | $399K | +13.6% |
| Hebron | $353.4K | $397.5K | +12.4% |
| Amston | $382.5K | $395K | +3.3% |
Housing Supply in Colchester, CT
How many homes are available in Colchester, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 51 | -3.8% |
Summary: The Colchester real estate market had 51 homes for sale in April 2024, a 3.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Colchester 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 increased by 37.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colchester, you could pay more than the asking price. 78.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Colchester in April 2024, up by 46.2% month-over-month. Of the 19 sold homes, 16% were sold under asking, 5% were sold at asking, and 79% were sold over asking.
Days on Market for Colchester, CT
We’re sorry, we don't have information for this market at the moment
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