Hoye Home Team's Market Report

Hartford, CT

Single-Family Homes

Berkshire Hathaway Home Services | www.hoyehometeam.com | 860-983-0875



Hartford, CT

Thu Sep 16 2021
This week the median list price for Hartford, CT is $189,949 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has decreased to 32. Click here to stay informed with the Hartford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Hartford, CT

Thu Sep 16 2021
This week the median list price for Hartford, CT is $189,949 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has decreased to 32. Click here to stay informed with the Hartford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Hartford market.
Median List Price $189,949
Median Price of New Listings $199,450
Per Square Foot $119
Average Days on Market 74
Median Days on Market 46
Price Decreased 38%
Price Increased 3%
Relisted 3%
Inventory 32
Median Rent $1,250
Market Action 60
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$400,000 2,874 0.25 - 0.5 acre 5 3 111 3 2 28
$199,900 1,598 6,500 - 8,000 sqft 3 2 81 3 3 56
$177,499 1,235 6,500 - 8,000 sqft 3 1 87 0 1 31
$102,400 1,189 0 - 4,500 sqft 3 1 96 2 0 91