Hoye Home Team's Market Report

West Hartford, CT 06107

Single-Family Homes

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


West Hartford, CT 06107

Thu Sep 16 2021
This week the median list price for West Hartford, CT 06107 is $375,000 with the market action index hovering around 73. This is less than last month's market action index of 74. Inventory has held steady at or around 23. 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

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.

West Hartford, CT 06107

Thu Sep 16 2021
This week the median list price for West Hartford, CT 06107 is $375,000 with the market action index hovering around 73. This is less than last month's market action index of 74. Inventory has held steady at or around 23. 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

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 West Hartford market.
Median List Price $375,000
Median Price of New Listings $409,700
Per Square Foot $188
Average Days on Market 29
Median Days on Market 7
Price Decreased 22%
Price Increased 0%
Relisted 0%
Inventory 23
Median Rent $2,300
Market Action 73
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$525,000 2,176 0.25 - 0.5 acre 3 2 81 2 2 7
$417,450 2,308 0.25 - 0.5 acre 4 2 66 3 2 3
$352,400 2,008 8,000 - 10,000 sqft 3 1 82 2 2 10
$289,900 1,645 0.25 - 0.5 acre 3 1 68 1 4 24