May 2021 Connecticut Market Stats

May 2021 was a record-breaking month in Connecticut real estate, with an increase in the number of sales and median sale price year-over-year. 

Take a look at the May 2021 market stats for all of Connecticut, as well as New Haven, Middlesex, and New London Counties. 

Connecticut Market Statistics

Single-Family Homes

20202021+/-
Active Listings11,4078,544-25.1%
Number of Sales2,8273,34218.22%
Average Days to Sell7240-44.44%
Median Sale Price$285,000$345,00021.05%

Condominiums

20202021+/-
Active Listings2,5382,106-17.02%
Number of Sales61289546.24%
Average Days to Sell7142-40.85%
Median Sale Price$179,900$208,00015.62%

Across Connecticut, the number of single-family homes listed for sale decreased by 25%, while the number of sales increased by 18% in May 2021. The average days to sell decreased to 40 days, and the median sale price increased 21% to $345,000. 

The number of condominiums listed for sale in Connecticut decreased by 17% compared to May 2020, and the number of sales increased by 24%.  On average, it took 42 days to sell, and the median sale price increased by 15.6% to $208,000.

New Haven County Market Statistics

Single-Family Homes

20202021+/-
Active Listings2,0311,731-14.77%
Number of Sales57174029.6%
Average Days to Sell6039-35%
Median Sale Price$250,000$302,00020.8%

Condominiums

20202021+/-
Active Listings570469-17.72%
Number of Sales15621638.46%
Average Days to Sell7440-45.95%
Median Sale Price$154,700$190,00022.82%

In New Haven County, single-family homes listed for sale decreased by 14.8%, while the number of sales increased by 29.6% in May 2021, as compared to May 2020. It took 39 days to sell a home, on average, and the median sale price climbed to $302,000, a 20.8% increase. 

The number of condo units for sale in New Haven County decreased by 17.7%. Sales increased greatly in May 2021, up 38.5% from the previous year. The average days to sell dropped to 40 days, and the median sale price increased by 22.8% to $190,000. 

Middlesex County Market Statistics

Single-Family Homes

20202021+/-
Active Listings717539-24.83%
Number of Sales17121223.98%
Average Days to Sell8733-62.07%
Median Sale Price$307,900$342,86411.36%

Condominiums

20202021+/-
Active Listings10092-8%
Number of Sales244066.67%
Average Days to Sell13123-82.44%
Median Sale Price$141,500$189,95034.24%

Single-family homes listed for sale decreased by 24.8% in Middlesex County, while the number of sales increased by almost 24%. On average, it took 33 days to close a home, with the price increasing by 11.4% to $342,864. 

The number of condo units listed for sale decreased by 8% in May 2021. The number of sales increased by 66.7%, taking just 23 days to sell, on average. The median sale price increased by 34% to $189,950. 

New London County Market Statistics

Single-Family Homes

20202021+/-
Active Listings953670-29.69%
Number of Sales25231926.59%
Average Days to Sell6533-49.23%
Median Sale Price$250,000$289,90015.96%

Condominiums

20202021+/-
Active Listings15486-44.16%
Number of Sales334433.33%
Average Days to Sell4239-7.14%
Median Sale Price$144,500$156,1388.05%

In New London County, the number of single-family homes listed for sale decreased by 29.7%, while the number of sales increased by 26.6%. The average days to sell decreased to just 33 days, on average. In May 2021, the median sale price increased by almost 16% to $289,900.

Condo units listed for sale decreased by 44%, while the number of sales increased by 33%. The average days to sell dropped to 39 days, and the median sale price increased by 8% to $156,138.

**All statistics pulled from SmartMLS on 6/8/21, with no exclusions. 

Questions about the market in your area?

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