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Old 10-17-2022, 10:11 PM
 
1,469 posts, read 509,088 times
Reputation: 1829

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Quote:
Originally Posted by Stylo View Post
What’s “realistically” these days?

The national median house price is $428,700.

Many towns in CT are at or below that figure.
Under $300k for a home that is not an apartment or a condo. They still exist in other parts of CT but have neighborhood issues like high crime. For example, you can buy a house for under $100k in Bridgeport but your neighbors are probably crack dealers.

Rising interest rates and local taxes should have put a dent on CT home appreciation. They've jumped so high since pre pandemic 2020. Some of these houses haven't even seen a bit of improvement and are just cash flippers who think waiting 2 years justifies a 50% jump in price.
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Old 10-18-2022, 10:36 AM
 
Location: Coastal Connecticut
20,325 posts, read 25,306,133 times
Reputation: 6220
Quote:
Originally Posted by Tiredofnyclife View Post
Under $300k for a home that is not an apartment or a condo. They still exist in other parts of CT but have neighborhood issues like high crime. For example, you can buy a house for under $100k in Bridgeport but your neighbors are probably crack dealers.

Rising interest rates and local taxes should have put a dent on CT home appreciation. They've jumped so high since pre pandemic 2020. Some of these houses haven't even seen a bit of improvement and are just cash flippers who think waiting 2 years justifies a 50% jump in price.
Huh? You can easily find small homes under $300k in CT still, in low crime areas.

Examples:
https://www.zillow.com/homedetails/1...ource=txtshare

https://www.zillow.com/homedetails/3...ource=txtshare

https://www.zillow.com/homedetails/4...ource=txtshare

https://www.zillow.com/homedetails/9...ource=txtshare

https://www.zillow.com/homedetails/4...ource=txtshare

Could easily keep going…

Houses are worth what they sell for. And anything under the national average is a bargain now. Not sure what else you expect.
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Old 10-18-2022, 12:02 PM
 
1,469 posts, read 509,088 times
Reputation: 1829
Quote:
Originally Posted by Stylo View Post
Huh? You can easily find small homes under $300k in CT still, in low crime areas.

Examples:
https://www.zillow.com/homedetails/1...ource=txtshare

https://www.zillow.com/homedetails/3...ource=txtshare

https://www.zillow.com/homedetails/4...ource=txtshare

https://www.zillow.com/homedetails/9...ource=txtshare

https://www.zillow.com/homedetails/4...ource=txtshare

Could easily keep going…

Houses are worth what they sell for. And anything under the national average is a bargain now. Not sure what else you expect.
Thanks. Good to know. I posted my reply earlier based off other posters claiming the median home prices of $500k are considered median for Trumbull and over $1m for Fairfield.
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Old 10-18-2022, 12:39 PM
 
21,135 posts, read 28,942,349 times
Reputation: 9026
Quote:
Originally Posted by Tiredofnyclife View Post
Under $300k for a home that is not an apartment or a condo. They still exist in other parts of CT but have neighborhood issues like high crime. For example, you can buy a house for under $100k in Bridgeport but your neighbors are probably crack dealers.

Rising interest rates and local taxes should have put a dent on CT home appreciation. They've jumped so high since pre pandemic 2020. Some of these houses haven't even seen a bit of improvement and are just cash flippers who think waiting 2 years justifies a 50% jump in price.
There are plenty of places in CT where you can get a home under 300k in a decent area.
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Old 10-18-2022, 01:20 PM
 
Location: Fairfield County CT
4,017 posts, read 2,680,544 times
Reputation: 2374
Quote:
Originally Posted by Tiredofnyclife View Post
Thanks. Good to know. I posted my reply earlier based off other posters claiming the median home prices of $500k are considered median for Trumbull and over $1m for Fairfield.
Trumbull Average/Median House Price $554,000....$555,000
https://www.williampitt.com/communit.../market-report

Fairfield Average/Median House Price $965,000....$877,000
https://www.williampitt.com/communit.../market-report

Please click on the links to the William Pitt Market Report for each town. William Pitt is a very reliable source for local real estate information.
------------------------------------------------------------------------------------------------------------------

Trumbull and Fairfield are in FAIRFIELD COUNTY (not to be confused with Fairfield the town) which is the most expensive COUNTY in CT.

FAIRFIELD COUNTY Average/Median House Price...1 million....$650,000
https://www.williampitt.com/communit.../market-report

I see in my post #3 I forgot to put the links to the information. Sorry, I usually always put the links to the info.

Last edited by CTartist; 10-18-2022 at 01:31 PM..
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Old 10-19-2022, 01:39 PM
 
Location: The greatest place on earth
4,900 posts, read 2,233,490 times
Reputation: 2366
When you google median home values you get 15 different answers from 15 different sources.
Is William Pitt considered the definitive source? Do they and only they have the final say when it's all been said and done? when the dust settles, when they finally get right.
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Old 10-19-2022, 03:13 PM
 
Location: Fairfield County CT
4,017 posts, read 2,680,544 times
Reputation: 2374
Quote:
Originally Posted by SteveM85 View Post
When you google median home values you get 15 different answers from 15 different sources.
Is William Pitt considered the definitive source? Do they and only they have the final say when it's all been said and done? when the dust settles, when they finally get right.
I never said that William Pitt is a definitive source, but they are usually in the ballpark with other reputable local sources that I consider good also. I also like the fact that William Pitt gives you lots of information.

This is all for illustrative purposes to give the OP an idea of what is going on in the different towns and the differences between them.

If the OP is looking for cheaper towns...... Westport at around 2 million+, Fairfield around $850,000 to $950,000 and Trumbull around $500,000 to $600,000 are all DRASTIACLLY different even if ALL the websites are off by 5% to 10% from one another.
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Old 10-19-2022, 04:29 PM
 
Location: Coastal Connecticut
20,325 posts, read 25,306,133 times
Reputation: 6220
Quote:
Originally Posted by SteveM85 View Post
When you google median home values you get 15 different answers from 15 different sources.
Is William Pitt considered the definitive source? Do they and only they have the final say when it's all been said and done? when the dust settles, when they finally get right.
I believe they’re accurate, but the numbers are single family homes
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Old 10-19-2022, 04:36 PM
 
21,135 posts, read 28,942,349 times
Reputation: 9026
Quote:
Originally Posted by Stylo View Post
I believe they’re accurate, but the numbers are single family homes
Yeah, exactly. This doesn’t count townhomes or condos, which many towns (like Fairfield) have.
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Old 10-19-2022, 05:03 PM
 
Location: The greatest place on earth
4,900 posts, read 2,233,490 times
Reputation: 2366
Quote:
Originally Posted by Stylo View Post
I believe they’re accurate, but the numbers are single family homes
That's right I forgot, you already said that in the RE thread. Don't bother looking for it, there's too many pages and posts over there so you'll never find it, you'll be scrolling for days on end, it's lost to history.
I would think all housing included would be a more definitive outlet.
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