Is Southington, 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, Southington has remained a Seller's Market.
Key Takeaway
Southington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southington, CT
How much do homes in Southington, CT cost?
Median Sold Price
$363,928
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southington have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Southington was $363,928 in May 2024, up 8.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $168K | +34.4% |
| 2 Bedrooms | $247K | $252.2K | +2.1% |
| 3 Bedrooms | $339.4K | $370K | +9.0% |
| 4 Bedrooms | $537.5K | $515K | -4.2% |
| 5+ Bedrooms | $380K | $556.8K | +46.5% |
Summary: Southington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 46.5%.
Median Sold Price Compared To Nearby Cities
| Plantsville | $317.5K | $352.5K | +11.0% |
| Plainville | $252K | $279K | +10.7% |
| Southington | $335K | $363.9K | +8.6% |
Housing Supply in Southington, CT
How many homes are available in Southington, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 109 | 145 | +33.0% |
Summary: The Southington real estate market had 145 homes for sale in May 2024, a 33.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 52 | 73 | +40.4% |
| 4 Bedrooms | 24 | 35 | +45.8% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Southington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 40.4%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southington, you could pay more than the asking price. 76.3% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Southington in May 2024, up by 31.0% month-over-month. Of the 38 sold homes, 16% were sold under asking, 8% were sold at asking, and 76% were sold over asking.
Days on Market for Southington, CT
We’re sorry, we don't have information for this market at the moment
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