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
Fri Jul 26 2024
This week the median list price for West Hartford, CT 06107 is $575,000 with the market action index hovering around 72. This is an increase over last month's market action index of 66. Inventory has held steady at or around 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
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.
Real-Time Market Profile
| Median List Price | $575,000 | |
| Median Price of New Listings | $575,000 | |
| Per Square Foot | $263 | |
| Average Days on Market | 63 | |
| Median Days on Market | 7 | |
| Price Decreased | 13% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 72 | |
| Strong Seller's Market | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $949,900 | 3,490 | 0.5 - 1 acre | 4 | 4 | 65 | 0 | 2 | 91 |
| $609,900 | 2,483 | 0.5 - 1 acre | 4 | 2.8 | 87 | 2 | 1 | 3 |
| $540,000 | 1,890 | 0.25 - 0.5 acre | 3 | 2 | 85 | 2 | 1 | 3 |
| $398,250 | 1,608 | 0.25 - 0.5 acre | 3 | 2.3 | 83 | 1 | 1 | 56 |