Connecticut Real Estate Market Report: January & February 2025 🏡

Welcome to my latest analysis of the Connecticut real estate market! Today, we’re diving into the most active markets across various home size ranges for single-family houses sold in January and February 2025.

Small Homes (< 2000 SQFT):

• Fairfield County: Median price increased by 6.70% ($470,000 to $501,500) over 133 sales in February, showing a strong demand for smaller homes in this area.
• Hartford County: Slight increase by 0.62% ($323,000 to $325,000) across 270 sales, reflecting a stable market.
• New Haven County: Strong growth with an 11.56% increase ($320,000 to $357,000) over 249 sales, indicating rising interest in smaller homes.
• New London County: Rise by 6.62% ($325,000 to $346,500) with 106 sales, suggesting healthy market activity.

Mid-Sized Homes (2000-3000 SQFT):

• Fairfield County: Median price decreased by 16.76% ($865,000 to $719,995) with 39 sales, which may indicate a cooling off in this segment.
• Hartford County: Decrease by 3.23% ($495,000 to $479,000) over 38 sales, showing slight price adjustments.
• Middlesex County: Significant surge by 52.85% ($460,000 to $703,104) with 8 sales, highlighting a strong upward trend.
• New London County: Stable median price of $525,000 across 17 sales, reflecting consistent demand.
• Windham County: Increase by 18.75% ($400,000 to $475,000) with 9 sales, indicating a favorable market.

Luxury Homes (>= 3000 SQFT):

• Fairfield County:
  • 3000-3500 SQFT: Slight decrease by 0.62% ($1,200,000 to $1,192,500) over 30 sales.
  • >= 4000 SQFT: Decrease by 4.15% ($2,410,000 to $2,310,000) with 41 sales, showing some variability in the luxury market.
• Hartford County:
  • 3000-3500 SQFT: Notable increase by 12.65% ($612,500 to $690,000) with 6 sales, reflecting a positive trend.
  • >= 4000 SQFT: Decrease by 12.49% ($1,025,000 to $896,975) over 12 sales, indicating a correction in prices.
• New Haven County:
  • 3000-3500 SQFT: Increase by 9.66% ($647,450 to $710,000) across 13 sales, showcasing a strong market.
  • >= 4000 SQFT: Decrease by 14.10% ($1,277,652 to $1,097,500) with 6 sales, suggesting some market adjustments.
• New London County:
  • 3000-3500 SQFT: Increase by 4.68% ($790,000 to $827,000) with 7 sales, reflecting consistent demand.
  • >= 4000 SQFT: Increase by 22.33% ($1,030,000 to $1,260,000), but only 1 sale in February, showing high value for luxury homes.

Market Summary

These figures highlight the most active markets for various home sizes, providing valuable insights into current trends. It’s important to consider the number of sales in each category, as fewer transactions can lead to higher variability in median prices.

📌 Download the Full Report: CT Median Closed Prices by Home Sizes January February Comparison

Let’s Connect!

Planning to buy, sell, or invest in the Connecticut real estate market? Let’s discuss these trends and understand how they can impact your decisions. I’m here to provide expert advice and personalized insights to help you navigate the market with confidence.

📞 Alex Teplitskiy Realtor® 📧 (860) 543-9417 | alex.telitskiy@gmail.com 🏢 Century21 AllPoints Realty

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