CONNECTICUT
Home Sales Up, Average Price Up
Home sales are up 6.7% year over year, with January 2025 at 1,679 compared to 1,598 last January. Sales are up across all categories
- Single families: 1,598 (2024) | 1,679 (2025)
- Condominiums: 485 (2024) | 543 (2025)
The average sale price has increased by 6.7% compared to last year, now at $532,208 from $498,992. Prices increased for all categories.
- Single families: $556,718 (2024) | $587,223 (2025)
- Condominiums: $316,542 (2024) | $361,885 (2023)
Homes Listed For Sale:
The number of homes listed is up by 10% when compared to January 2024.
- 2025: 2,623
- 2024: 2,385
- 2023: 2,487
Pending Home Sales:
The number of homes placed under contract is up by 11.4% when compared to January 2024.
- 2025: 2,275
- 2024: 2,043
- 2023: 2,279
Data provided by SmartMLS then compared to the prior year.
What’s Happening in the Market?
- In January 2025, national home sales increased 2% compared to a year ago, Following this trend, Connecticut home sales also saw an increase.
- Anthony Lamacchia states “Homes listed for sale being up is especially notable considering we are in the midst of the coldest and snowiest winter in a few years. This tells me homes listed will shoot up ALOT more once the weather breaks. Sellers should take note of this and not push their luck too much when pricing and buyers should be happy to have a few more choices. In a month buyers will have many more choices.”
- The Connecticut housing market is showing strong growth, with home sales and average prices on the rise. More homes are being listed, giving buyers increased options. Pending sales are also up, indicating continued demand. With a competitive market in full swing, price growth and more inventory are shaping the current landscape. Thinking about selling in 2025? Here are some expert tips to help you get the most for your home!
- According to Mortgage News Daily, mortgage rates in January started in the low 7s, peaked at 7.25% mid-month, and then trended downward, ending in the low 7s. So far, February continues to show a declining trend.
- In this current market, with high interest rates and strong competition, maximizing your home’s value is more important than ever. Simple, cost-effective upgrades can help your property stand out and attract top-dollar offers. Check out our easy ways to boost your home’s worth before you list!
- Condo sales and prices are rising, the market is heating up. Before you buy, consider important factors like HOA costs, long-term resale value, and financing options. Here’s what to be aware of before making your condo purchase.