Market Snapshot - August 2024
The number of sold listings have decreased across the State of Connecticut in August 2024 compared to one-year ago. The same trend is being mirrored in Litchfield, Fairfield, and New Haven Counties, with a corresponding increase in median sales price across many communities. Here is a summary of the market conditions* in the State of Connecticut and in Litchfield, Fairfield, and New Haven Counties for August 2024.
State of Connecticut
The number of sold listings decreased by 5.61%% from August 2023 (3,781 homes sold) to August 2024 (3,569 homes sold). The median list price during this time increased by 10.53% from $379,900 to $419,900 and sold price increased by 8.45% from $393,000 to $426,200. Median days on market decreased from 31 to 25.
Litchfield County
The number of sold listings decreased by 6.76% from August 2023 (222 homes sold) to August 2024 (207 homes sold). The median list price during this time increased by 9.23% from $325,000 to $355,000 and sold price increased by 9.59% from $328,500 to $360,000. Median days on market decreased from 42 to32. The following is a summary of the August 2024 market conditions for select towns in Litchfield County:
Median list price: $547,000
Median sales price: $532,500
Median days on market: 66
Median list price: $669,000
Median sales price: $669,000
Median days on market: 22
Median list price: $754,500
Median sales price: $692,000
Median days on market: 22
Median list price: $432,500
Median sales price: $407,500
Median days on market: 24
Median list price: $699,000
Median sales price: $700,000
Median days on market: 31
Median list price: $472,500
Median sales price: $472,500
Median days on market: 14
Median list price: $489,500
Median sales price: $470,000
Median days on market: 39
Median list price: $1,095,000
Median sales price: $1,115,000
Median days on market: 21
Median list price: $1,742,450
Median sales price: $1,630,000
Median days on market: 178
Median list price: $345,000
Median sales price: $352,000
Median days on market: 8
Median list price: $554,900
Median sales price: $550,000
Median days on market: 18
The number of sold listings decreased by 7.69% from August 2023 (1,066 homes sold) to August 2024 (984 homes sold). The median list price during this time remained the same at $700,000 and sold price decreased by 1.12% from $739,000 to $730,750. Median days on market decreased from 44 to 33. The following is a summary of the August 2024 market conditions for select towns in Fairfield County:
Bethel
Median list price: $525,000
Median sales price: $550,000
Median days on market: 11
Brookfield
Median list price: $512,000
Median sales price: $525,000
Median days on market: 10
Danbury
Median list price: $394,499
Median sales price: $390,000
Median days on market: 11
Newtown
Median list price: $585,000
Median sales price: $589,000
Median days on market: 20
Sherman
Median list price: $750,500
Median sales price: $727,000
Median days on market: 46
The number of sold listings decreased by 13.98% from August 2023 (837 homes sold) to August 2024 (720 homes sold). The median list price during this time increased by 12.11% from $330,000 to $369,500 and sold price increased by 10.96% from $340,000 to $377,250. Median days on market decreased from 27 to 24. The following is a summary of the August 2024 market conditions for select towns in New Haven County:
Middlebury (single-family)
Median list price: $474,500
Median sales price: $430,026
Median days on market: 5
Southbury (single-family)
Median list price: $569,900
Median sales price: $570,000
Median days on market: 8
Southbury (condo)
Median list price: $372,500
Median sales price: $355,000
Median days on market: 20
*Market conditions are for all property types unless otherwise indicated.
Note: The statistics presented in this Market Summary are compiled based on figures and data generated by IDC Global and Datafloat for the benefit of Berkshire Hathaway HomeServices New England Properties. This data is for informational purposes only and may not be completely accurate. Data maintained by the MLS may not reflect all real estate activity in the market. All information should be independently reviewed and verified for accuracy. Please conduct your own due diligence. Information is not verified or guaranteed.
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