Market Snapshot - June 2024
Prices keep inching up, in some areas more than others. While some towns, like Washington and Sherman, appear to have a drastic price decrease in sold homes from last month, such change is likely due to lack of inventory and the very small (hint: one) quantity of sales. Here is a summary of the market conditions* in Litchfield, Fairfield, and New Haven Counties for June 2024.
Litchfield County
The number of sold listings decreased by 13.66% from June 2023 (227 homes sold) to June 2024 (196 homes sold). The median list price during this time increased by 10.85% from $359,900 to $398,950 and sold price increased by 6.67% from $375,000 to $400,000. Median days on market decreased from 52 to 42. The following is a summary of the June 2024 market conditions for select towns in Litchfield County:
Median list price: $642,250
Median sales price: $622,500
Median days on market: 50
Median list price: $710,000
Median sales price: $692,500
Median days on market: 17
Median list price: $549,900
Median sales price: $500,000
Median days on market: 12
Median list price: $429,000
Median sales price: $439,500
Median days on market: 41
Median list price: $549,000
Median sales price: $550,000
Median days on market: 14
Median list price: $495,000
Median sales price: $500,000
Median days on market: 10
Median list price: $749,000
Median sales price: $717,000
Median days on market: 110
Median list price: $772,500
Median sales price: $735,000
Median days on market: 75
Median list price: $725,000
Median sales price: $585,000
Median days on market: 50
Median list price: $367,450
Median sales price: $393,000
Median days on market: 4
Median list price: $575,000
Median sales price: $550,000
Median days on market: 12
The number of sold listings decreased by 22.31% from June 2023 (1170 homes sold) to June 2024 (909 homes sold). The median list price during this time increased by 15.61% from $679,000 to $785,000 and sold price increased by 12.68% from $710,000 to $800,000. Median days on market decreased from 43 to 11. The following is a summary of the June 2024 market conditions for select towns in Fairfield County:
Bethel
Median list price: $480,000
Median sales price: $530,000
Median days on market: 8
Brookfield
Median list price: $574,000
Median sales price: $583,750
Median days on market: 5
Danbury
Median list price: $499,500
Median sales price: $525,000
Median days on market: 11
Newtown
Median list price: $659,900
Median sales price: $655,000
Median days on market: 7
Sherman
Median list price: $389,000
Median sales price: $390,000
Median days on market: 8
The number of sold listings decreased by 21.53% from June 2023 (850 homes sold) to June 2024 (667 homes sold). The median list price during this time increased by 12.31% from $325,000 to $365,000 and sold price increased by 9.41% from $342,750 to $375,000. Median days on market decreased from 34 to 7. The following is a summary of the June 2024 market conditions for select towns in New Haven County:
Middlebury (single-family)
Median list price: $589,000
Median sales price: $585,000
Median days on market: 17
Southbury (single-family)
Median list price: $724,500
Median sales price: $720,000
Median days on market: 7
Southbury (condo)
Median list price: $329,950
Median sales price: $331,250
Median days on market: 13
*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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