Niantic, CT Foreclosures
How much do homes sell for in Niantic, CT?
The average home price is currently $575,283.
In Niantic, CT, how many homes are available?
There are currently 7 active home listings available in Niantic.
What’s the average rental cost in Niantic, CT?
The average rental price in Niantic is $1,699.
What is the most expensive home in Niantic?
The most expensive home sold in Niantic had a price of $8,796,960.
What is currently the cheapest priced home in Niantic, CT?
The cheapest home for sale in Niantic is priced at $16,475.
Living in Niantic, CT
Niantic is a charming coastal village in the town of East Lyme, Connecticut, known for its beautiful beaches and relaxed atmosphere. This picturesque area offers a mix of outdoor activities, local eateries, and a close-knit community vibe. Families and retirees alike are drawn to Niantic for its scenic waterfront views and the tranquility of seaside living.
Current Market Conditions in Niantic, CT
The Niantic real estate market has shown steady growth, with a 4% increase in home prices over the last six months. The demand for homes in coastal towns has surged, particularly as more people seek remote work opportunities, leading to an influx of buyers from metropolitan areas. Properties in Niantic tend to sell quickly, often above asking price, indicating a robust market with limited supply.
In 2023, the fall market saw a variety of homes available, from charming bungalows to upscale waterfront properties. Buyers are increasingly attracted to the quality of life that Niantic offers, including its excellent schools, vibrant community, and proximity to both New London and Hartford.
Home Value Estimator For Niantic, CT
There are currently 5,415 real estate properties
in Niantic, CT,
with a median automated valuation model (AVM) price
of $483,762.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Niantic, CT, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Niantic, CT,
is $575,283.00, with the most expensive house
in Niantic, CT, topping out
at $8,796,960.00 and the cheapest home
in Niantic, CT,
clocking in at $16,475.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Niantic, CT!
Rent Prices
In Niantic, CT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Niantic, CT, is on
a rollercoaster ride. The
average rent price in Niantic, CT,
is $1,699.00. Indeed, when looking to rent in
Niantic, CT, you can expect to pay as little
as $910.00 or as much
as $3,900.00,
with the average rent median estimated to
be $1,710.00. The good news is that finding
an affordable and desirable property to rent in Niantic, CT
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
