Is Canterbury, 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, Canterbury has remained a Seller's Market.
Key Takeaway
Canterbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canterbury, CT
How much do homes in Canterbury, CT cost?
Median Sold Price
$340,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Canterbury have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Canterbury was $340,000 in May 2024, up 3.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $270.6K | +10.4% |
| 3 Bedrooms | $350K | $378.5K | +8.2% |
| 4 Bedrooms | $445.5K | $312.5K | -29.9% |
| 5+ Bedrooms | $280K | $340K | +21.4% |
Summary: Canterbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 29.9%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Brooklyn | $315K | $385K | +22.2% |
| Scotland | $267.5K | $325K | +21.5% |
| Plainfield | $280K | $292.5K | +4.5% |
| Canterbury | $328K | $340K | +3.7% |
| Baltic | $259.9K | $259.2K | -0.3% |
Housing Supply in Canterbury, CT
How many homes are available in Canterbury, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Canterbury real estate market had 15 homes for sale in May 2024, a 6.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Canterbury 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canterbury, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Canterbury in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Canterbury, CT
We’re sorry, we don't have information for this market at the moment
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