Hoye Home Team's Market Report

West Hartford, CT

Single-Family Homes

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



West Hartford, CT

Thu Jun 08 2023
This week the median list price for West Hartford, CT is $522,500 with the market action index hovering around 81. This is an increase over last month's market action index of 80. Inventory has increased to 32. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

West Hartford, CT

Thu Jun 08 2023
This week the median list price for West Hartford, CT is $522,500 with the market action index hovering around 81. This is an increase over last month's market action index of 80. Inventory has increased to 32. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the West Hartford market.
Median List Price $522,500
Median Price of New Listings $410,000
Per Square Foot $206
Average Days on Market 40
Median Days on Market 14
Price Decreased 25%
Price Increased 0%
Relisted 3%
Inventory 32
Median Rent
Market Action 81
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$1,425,000 5,076 1 - 2.5 acres 4 4.5 80 1 0 24
$644,900 2,938 0.25 - 0.5 acre 3 3 62 1 3 28
$449,450 2,200 0.25 - 0.5 acre 3 2.3 68 5 3 3
$359,400 1,728 6,500 - 8,000 sqft 3 2 91 4 3 7