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
Fri Dec 01 2023
This week the median list price for West Hartford, CT 06117 is $715,000 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has decreased to 11.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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
| Median List Price | $715,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $229 | |
| Average Days on Market | 57 | |
| Median Days on Market | 49 | |
| Price Decreased | 36% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 11 | |
| Median Rent | ||
| Market Action | 68 | |
| Strong Seller's Market | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,086,080 | 4,366 | 0.5 - 1 acre | 5 | 3.5 | 48 | 0 | 1 | 129 |
| $789,900 | 2,680 | 0.25 - 0.5 acre | 4 | 2.5 | 64 | 0 | 2 | 56 |
| $549,900 | 3,276 | 0.25 - 0.5 acre | 5 | 3.5 | 68 | 0 | 2 | 49 |
| $389,000 | 1,564 | 0.25 - 0.5 acre | 3 | 2 | 65 | 0 | 0 | 14 |