Comprehensive market data and analysis
9.7 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Taconic, Connecticut | ||||||
The median price for land in the Connecticut area is currently $69K per acre. For a typical parcel, the median sale price is $135K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $38K while premium lots reached $706K.
the Connecticut area is currently a buyer's market with 9.7 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 22.7% year-over-year.
the Connecticut area currently has 9.7 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Land in the Connecticut area averages $432K per acre. The median price per acre is $69K, which may be more representative of typical transactions. Most parcels sold are around 2.0 acres.
Over the past 12 months, the Connecticut area saw 1,133 properties sold, totaling $394.0M in sales volume. In just the last 3 months, 239 properties changed hands.
The 3-month absorption rate in the Connecticut area is 10.3%. The 12-month rate is 12.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in the Connecticut area stands at $135K. This translates to roughly $69K per acre for the typical parcel size. The average price is $348K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
