Is Enfield, 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, Enfield has remained a Seller's Market.
Key Takeaway
Enfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Enfield, CT
How much do homes in Enfield, CT cost?
Median Sold Price
$282,833
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Enfield have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Enfield was $282,833 in May 2024, up 8.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $213.9K | +42.6% |
| 2 Bedrooms | $225K | $249.9K | +11.1% |
| 3 Bedrooms | $258.7K | $282.3K | +9.1% |
| 4 Bedrooms | $286.5K | $307K | +7.2% |
| 5+ Bedrooms | $282.5K | $329.5K | +16.6% |
Summary: Enfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 16.6%.
Median Sold Price Compared To Nearby Cities
| Enfield | $259.9K | $282.8K | +8.8% |
| Somers | $394.6K | $425K | +7.7% |
| East Windsor | $285K | $289.5K | +1.6% |
| Longmeadow | $465K | $461.5K | -0.8% |
| Broad Brook | $333K | $329.5K | -1.1% |
Housing Supply in Enfield, CT
How many homes are available in Enfield, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 127 | 127 | 0.0% |
Summary: The Enfield real estate market had 127 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 25 | 24 | -4.0% |
| 3 Bedrooms | 59 | 55 | -6.8% |
| 4 Bedrooms | 33 | 38 | +15.2% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Enfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 32 | -37.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Enfield, you could pay more than the asking price. 84.4% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Enfield in May 2024, down by 37.3% month-over-month. Of the 32 sold homes, 6% were sold under asking, 9% were sold at asking, and 84% were sold over asking.
Days on Market for Enfield, CT
How long does it take to sell a home in Enfield, CT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 14 Days | +93.3% |
Summary: Homes in Enfield had an average of 14 days on market in May 2024, up by 93.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Enfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Enfield; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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