Hoye Home Team's Market Report

West Hartford, CT 06117

Single-Family Homes

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



West Hartford, CT 06117

Thu Sep 16 2021
This week the median list price for West Hartford, CT 06117 is $432,450 with the market action index hovering around 63. This is less than last month's market action index of 64. Inventory has decreased to 26. Click here to stay informed with the West Hartford market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

West Hartford, CT 06117

Thu Sep 16 2021
This week the median list price for West Hartford, CT 06117 is $432,450 with the market action index hovering around 63. This is less than last month's market action index of 64. Inventory has decreased to 26. Click here to stay informed with the West Hartford market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the West Hartford market.
Median List Price $432,450
Median Price of New Listings $415,000
Per Square Foot $173
Average Days on Market 58
Median Days on Market 42
Price Decreased 38%
Price Increased 8%
Relisted 19%
Inventory 26
Median Rent $2,350
Market Action 63
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$774,450 4,247 0.5 - 1 acre 4 4 76 1 1 66
$482,500 2,843 0.5 - 1 acre 4 2 68 0 0 49
$399,900 2,668 0.25 - 0.5 acre 4 2 60 2 1 21
$319,900 1,863 0.25 - 0.5 acre 3 1 67 0 2 56