Connecticut started 2024 with a total of 2,309 single-family homes on the market, with a median home price of $549,900 and an average price per square foot of $332.72. By the end of the year, inventory had increased to 2,539 homes on the market (+10%), with a median home price of $559,900 (+2%), and an average price per square foot of $370 (+11%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 63 days.
Connecticut started the year with 26.25% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 29.89% of homes for sale had taken a price cut.
