As most people are aware, Connecticut is a great state. With an excellent school system and low crime rates, it has become a desirable place to live for many families. However, to take advantage of the benefits of living in CT, you need to purchase a home that suits your needs. This article will provide some information on how much it costs to buy homes in Connecticut based on where you choose to live, as well as what the most expensive homes are currently available to purchase.
Overview of the Connecticut Real Estate Market
The current property value in Connecticut is $318,096, which shows a significant increase in property values year over year. In addition, the average listing price is currently 19.9% higher than last year, making it an advantageous investment opportunity for many homeowners who have positioned themselves accordingly.
As a CT homeowner, given that property values are hitting an all-time high for Connecticut, now is a great time to consider selling your house by owner, with a realtor, or online to cash home buyers in Norwalk.
Currently, the most expensive home sales in Connecticut are a hot topic, with many wondering how they can get their hands on one. However, with the prime real estate prices being so high, it seems as though most people are living outside of Hartford to find more affordable options and commuting to work or finding other ways to make ends meet. If you don’t mind commuting, you can have your pick of single-family homes at a decent price point to the most expensive homes for sale, which will definitely lead to a happier lifestyle.
Prime Real Estate Prices in CT
The prime real estate prices in CT are affordable compared to California, with a median price of about $800k. However, other cities are seeing an increase, such as the real estate prices in Hartford, which average $201K- making Hartford a desirable area in the Connecticut housing market and a sought-after destination among those looking to buy affordable housing.
Furthermore, the prime real estate prices in Connecticut had seen significant increases since 2010 when they were at around $130K on average.
The most expensive homes for sale now give an overview of the Connecticut real estate market and its current prime real estate prices. The most recent data states that in the overall Connecticut market, the average sales price of all homes sold in Q2 2021 was $513,113 – compared to $394,964 in Q2 2020 and $359,631 in 2019. On average, homes were sold in 43 days and at a list/sell price ratio of 102.2%, which means many homes sold above their asking price.
Even luxury home sales (those priced over $2 million) skyrocketed in the second quarter. Four hundred ninety-nine luxury homes were sold throughout the state since April 1st, up 160% compared to 2020 and 192% when going back to 2019. Most of the sales were in Greenwich (210), New Canaan (69), Darien (61), and Westport (51). Pricing for luxury homes did not increase year-over-year and maintained an average of $3.4 million.
Below are the most expensive homes currently available to buy in the CT area.
The Most Expensive Home Sale in CT
The 10 most expensive homes for sale in CT right now include:
- 100 Field Point Cir, Greenwich, CT 06830 | List price: $55,000,000
14,304 sq ft, Bedrooms: 8 Baths: 11; Field Point, an exquisite custom-built stone Georgian with 340 feet of private Long Island Sound shoreline and breathtaking panoramic views, was designed by the award-winning architecture firm, Shope Reno Wharton Associates, to exemplify luxury waterfront living at the highest caliber
- 591 Riversville Rd, Greenwich, CT 06831 | List Price: $40,000,000
13,343 sq ft, 7-bedrooms, 13 bathrooms, DENBIGH FARM- Hilfiger’s quintessential English country estate with breathtaking panoramic views of LI Sound sitting high above sea level. Continue the wonderful history of this special property of an era of timeless refinement. A home that welcomes you.
- 16 Hurlingham Dr, Greenwich, CT 06831| List Price: $32,000,000
Perched on ten waterfront acres of lush grounds and mature landscaping, this architectural masterpiece is unrivaled in the juxtaposed design of hand-cut stone and modern design. A custom estate with unmatched luxury offering a lifestyle of comfort, sophistication, and security. Boosting 23,700 sq ft, 6 bedrooms, 12 bathrooms, this is a must-see property.
- 30 Field Point Dr, Greenwich, CT 06830 | List Price: $30,000,000
Remarkable Belle Haven Classic Georgian Colonial with only 2 previous owners. The estate sits on almost 6.4 acres and offers 18,068 sq ft of space with 11 bedrooms and 11 bathrooms. The original home was built in 1900 and was enlarged over the years, with the largest addition in 1991, nearly doubling the house.
- 435-429 Round Hill Rd, Greenwich, CT 06831 | Price: $25,500,000
One-of-a-kind estate. Located on 8 acres, this iconic Stonehill compound is found in the coveted Greenwich countryside. Impressive Georgian scale is woven throughout this unique and exquisite offering. The 14,000+ SF, 3-story, main estate, formerly owned by Tommy Hilfiger, is outfitted with luxurious features of architectural note. A true compound with a 14,000+ sqft main house, 3 additional houses on the property (3,610 sq ft with 4BR/2Bth/2Fpl) (1,520 sqft with 3BR/1Bth/1Fpl) (711 sqft with 2BR/1Bth/1Fpl)
- 471 Lake Ave, Greenwich, CT 06830 | Price: $24,900,000
A French American estate of unsurpassed elegance and quality designed by Wadia & Associates for today’s modern lifestyle. Custom-built with European imports and the finest craftsmanship located in Greenwich’s premier ”Golden Triangle”. 12’+ ceilings, custom millwork, and beautifully scaled interiors throughout the 18,000 SF home. It also features 9-bedrooms and 13-bathrooms.
- 640 Sasco Hill Rd, Fairfield, CT 06824 | Price: $17,900,000
This magnificent estate was designed by renowned architect Roger Ferris and boasts six levels of living with spectacular water views of Southport Harbor. Enter the main level through an imposing two-story limestone portico into the embrace of a soaring gallery with its mesmerizing marmalade marble floor and stunning floating wrought iron circular staircase. Total the home spans over 17,735 sq ft and features 10-bedrooms, 18-bathrooms.
- 543 Stanwich Rd, Greenwich, CT 06831| Price $17,500,000
The finest example of modern glamour is seen in back-country Greenwich. This is a once-in-a-lifetime opportunity to own an exclusive new custom construction property outfitted with symmetrical elegance and exquisite finishes. Beyond the gated entry, four acres welcome you to this four-story custom estate by Christian Rae Studio and LoParco Associates. This spectacular home spans 11,675 sq ft and offers 6-bedrooms, 9-bathrooms.
- 136 Field Point Cir, Greenwich, CT 06830 | $17,500,000
At this beautiful property, you’ll find sweeping waterfront views on an oversized 2.36 parcel with a spectacular sandy beach, infinity-edge pool, and a private tennis court, in the 24-hour guarded and gated Field Point Circle. It is an unprecedented opportunity to reimagine this impressive European style 9,000 plus limestone and slate-roofed home with its cobblestone courtyard and many elegant features: 4-bedrooms, 9-bathrooms.
- 50 Compo Mill Cv, Westport, CT 06880 | $16,500,000
You can have it all – waterfront living surrounded on all sides with stunning views of the Long Island Sound in your backyard and Sherwood Mill Pond in the front. It feels like your own resort-like paradise in the summer and is also built to be an all-seasons home. No detail has been spared on this exceptional property. The only house with a secure, storm surge concrete wall built on the cove, surviving any flood or storm: 4-bedrooms, 5-bathrooms, 5,000 sqft.
These ten listings show the most expensive homes for sale in Connecticut thus far. The most expensive homes sold in Connecticut last year were around $8 million, which was much lower than most other states in the country, with houses costing at least double that amount. However, the most expensive home sales in CT are found in Greenwich, where the median listing price is $2.3 million, and the median price per square foot is $581.
Final Takeaways
Given the current state of the CT real estate market, now is a great time to consider selling your home. And these days, selling a house and moving out of state is easier than ever; you can conveniently sell your house online instead of listing with a realtor. In addition, sellers have found that the entire process is far less stressful if you work with a local “we buy homes Bristol” company.
If you have been searching for more information about selling real estate in Connecticut, Ocean City Development can help! Contact us today at (781) 209-6025 if you’re saying, “buy my house Connecticut.” We are a premier home buying company that can make you a cash offer on your house today!