Connecticut’s real estate market remains robust, characterized by rising home prices, limited inventory, and swift sales. Here’s a comprehensive overview:
🏡 Home Prices & Sales Activity
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Median Sale Price: In April 2025, the median sale price reached $451,100, marking a 7.6% year-over-year increase.
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Average Home Value: The average home value stands at $426,427, up 4.5% over the past year.
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Homes Sold: Approximately 2,701 homes were sold in April 2025, a 1.7% decrease compared to the same month last year.
📦 Inventory & Market Dynamics
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Active Listings: There were 8,967 homes listed for sale in April 2025, representing a 7.4% decline year-over-year.
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New Listings: The number of newly listed homes was 3,639, down 11.7% from the previous year.
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Median Days on Market: Homes spent a median of 32 days on the market in April 2025, indicating a relatively fast-paced market.
🌆 Regional Highlights
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Hartford: Predicted to be one of Connecticut’s hottest housing markets in 2025, driven by affordability and increased demand.
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Danbury: Despite a 27% increase in single-family home listings, demand continues to outpace supply, leading to competitive conditions.
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Westport: The median home price in April 2025 was $3.1 million, slightly down from March but still significantly higher year-over-year.
🔮 Market Outlook
Connecticut’s housing market is expected to remain competitive throughout 2025, with tight inventory and strong buyer demand sustaining upward pressure on prices. While some regions may experience slight price adjustments, the overall trend points toward continued growth, particularly in areas offering relative affordability compared to neighboring states.