Is Prospect, 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, Prospect has remained a Seller's Market.
Housing Prices in Prospect, CT
How much do homes in Prospect, CT cost?
Median Sold Price
$370,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prospect was $370,000 in May 2024, up 2.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $305.7K | $305K | -0.2% |
3 Bedrooms | $350K | $370K | +5.7% |
4 Bedrooms | $422.4K | $507K | +20.0% |
5+ Bedrooms | $414.5K | - | N/A |
Summary: Prospect 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 decreased by 0.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes did not change.
Housing Supply in Prospect, CT
How many homes are available in Prospect, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Prospect real estate market had 23 homes for sale in May 2024, a 4.5% increase 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 | 6 | 5 | -16.7% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Prospect 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Prospect in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Prospect, CT
We’re sorry, we don't have information for this market at the moment