Market Snapshot - May 2024
Prices keep increasing, in some areas more than others. Here is a summary of the market conditions* in Litchfield, Fairfield, and New Haven Counties for May 2024.
Litchfield County
The number of sold listings increased by 1.16% from May 2023 to May 2024. The median list price during this time increased by 3.29% from $334,500 to $345,499 and sold price increased by 1.45% from $345,000 to $350,000. Median days on market decreased from fourteen to eight. The following is a summary of the May 2024 market conditions for select towns in Litchfield County:
Median list price: $403,950
Median sales price: $412,500
Median days on market: 49
Median list price: $1,780,000
Median sales price: $1,475,000
Median days on market: 109
Median list price: $547,000
Median sales price: $544,500
Median days on market: 54
Median list price: $670,000
Median sales price: $702,500
Median days on market: 4
Median list price: $799,450
Median sales price: $772,500
Median days on market: 7
Median list price: $724,000
Median sales price: $662,500
Median days on market: 17
Median list price: $419,999
Median sales price: $457,000
Median days on market: 6
Median list price: $1,750,000
Median sales price: $1,650,000
Median days on market: 339
Median list price: $440,000
Median sales price: $450,000
Median days on market: 10
Median list price: $1,195,000
Median sales price: $1,070,000
Median days on market: 75
Median list price: $339,900
Median sales price: $340,000
Median days on market: 7
Median list price: $436,200
Median sales price: $399,050
Median days on market: 9
The number of sold listings decreased by 4.08% from May 2023 to May 2024. The median list price during this time increased by 6.57% from $609,900 to $650,000 and sold price increased by 4.69% from $640,000 to $670,000. Median days on market decreased from forty-six to thirty-three. The following is a summary of the May 2024 market conditions for select towns in Fairfield County:
Bethel
Median list price: $499,000
Median sales price: $500,00
Median days on market: 14
Brookfield
Median list price: $512,000
Median sales price: $560,000
Median days on market: 10
Danbury
Median list price: $409,900
Median sales price: $420,000
Median days on market: 6
Newtown
Median list price: $559,000
Median sales price: $575,000
Median days on market: 8
Sherman
Median list price: $722,000
Median sales price: $717,500
Median days on market: 90
The number of sold listings decreased by 8.48% from May 2023 to May 2024. The median list price during this time increased by 10.55% from $316,500 to $349,900 and sold price increased by 9.09% from $330,000 to $360,000. Median days on market decreased from thirty-three to twenty-five. The following is a summary of the May 2024 market conditions for select towns in New Haven County:
Middlebury (single-family)
Median list price: $499,900
Median sales price: $510,000
Median days on market: 29
Southbury (single-family)
Median list price: $614,900
Median sales price: $650,000
Median days on market: 8
Southbury (condo)
Median list price: $280,000
Median sales price: $303,000
Median days on market: 7
*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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