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

Sat Jun 12 2021
This week the median list price for West Hartford, CT is $499,900 with the market action index hovering around 86. This is less than last month's market action index of 92. Inventory has increased to 59. 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

West Hartford, CT

Sat Jun 12 2021
This week the median list price for West Hartford, CT is $499,900 with the market action index hovering around 86. This is less than last month's market action index of 92. Inventory has increased to 59. 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the West Hartford market.
Median List Price $499,900
Median Price of New Listings $527,500
Per Square Foot $191
Average Days on Market 47
Median Days on Market 14
Price Decreased 15%
Price Increased 0%
Relisted 0%
Inventory 59
Median Rent $2,350
Market Action 86
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 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
$849,450 5,962 0.5 - 1 acre 5 5 49 2 3 24
$599,000 3,202 0.25 - 0.5 acre 4 3 80 10 2 0
$395,000 2,114 0.25 - 0.5 acre 4 2 80 3 2 14
$250,000 1,326 6,500 - 8,000 sqft 3 1 72 5 3 7