New - 5 days on Rocket
$4,501 Closing Credit¹
#24069559, Daniel Walz, Listing Office: Switz Real Estate Associates
Gales Ferry Housing Market Report January 2025•New London County, Connecticut
Housing Prices in Gales Ferry, CT
How much do homes in Gales Ferry, CT cost?
Housing Market Conditions
Is Gales Ferry, CT a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Gales Ferry is a Seller's Market
Difference Since January 2024
Since last year, Gales Ferry has remained a Seller's Market.
Insight
Gales Ferry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$400,000$200/SqFt
+$75,250
+23.2%
Based on all homes sold in the last 12 months
Insight
Homes in Gales Ferry have sold for 23.2% more than they did a year ago.
Summary: The median home sold price in Gales Ferry was $400,000 in January 2025, up 23.2% from last year, and the median price per square foot was $200.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Gales Ferry | $324.7K | $400K | +23.2% |
| Ledyard | $338K | $391.2K | +15.8% |
| Uncasville | $286K | $325K | +13.6% |
| Quaker Hill | $326.7K | $369K | +12.9% |
| Preston | $360K | $395K | +9.7% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $75K | - | N/A |
| 22 Bedrooms | $151.5K | $165K | +8.9% |
| 33 Bedrooms | $320K | $394K | +23.1% |
| 44 Bedrooms | $389.5K | $427.5K | +9.8% |
| 55+ Bedrooms | $415K | $460K | +10.8% |
Summary: Gales Ferry housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +8.9%. The home price for 3 bedroom homes increased by +23.1%. The home price for 4 bedroom homes increased by +9.8%. The home price for 5 bedroom homes increased by +10.8%.
Housing supply in Gales Ferry, CT
How many homes are available in Gales Ferry, CT?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 24Last MonthJan 2025 | ||
| 272 months agoDec 2024 | -11.1 % Change MoMDec – Jan |
Summary: The Gales Ferry real estate market had 24 homes for sale in Jan 2025, a 11.1 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthJan 2025 | ||
| 102 months agoDec 2024 | -30.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 6 | 5 | -16.7% |
| 33 Bedrooms | 12 | 12 | 0.0% |
| 44 Bedrooms | 8 | 7 | -12.5% |
| 55+ Bedrooms | 1 | 0 | -100.0% |
Summary: Gales Ferry housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -16.7%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -12.5%. The inventory for 5 bedroom homes decreased by -100.0%.
Asking Price vs. Sold Price
How much do homes in Gales Ferry, CT cost?
Over Asking Price5 Homes
At Asking Price1 Home
Under Asking Price1 Home
Insight
If you're buying a home in Gales Ferry, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Gales Ferry in January 2025, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and and 71% were sold over asking.
Days on Market for Gales Ferry, CT
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Gales Ferry, CT
What homes are available in Gales Ferry, CT?
$3,918 Closing Credit¹
#24070648, Erin Gardner, Listing Office: RE/MAX Realty Group
Backup offers
$1,781 Closing Credit¹
#24067296, Molly Bruno, Listing Office: The Utopia Real Estate Company
Backup offers
$4,986 Closing Credit¹
#24064830, Kelly Lucas, Listing Office: RE/MAX Legends
Backup offers
$6,828 Closing Credit¹
#24040909, Christopher Torrez, Listing Office: RE/MAX ONE
$1,495 Closing Credit¹
#24059791, Erin Gardner, Listing Office: RE/MAX Realty Group
Backup offers
$5,938 Closing Credit¹
#24058331, Adam Mancini, Listing Office: Ann McBride Real Estate
Backup offers
$4,334 Closing Credit¹
#24052700, Jason McKiernan, Listing Office: William Raveis Real Estate
Backup offers
$5,343 Closing Credit¹
#24053356, Kristopher Tramont, Listing Office: Real Broker CT, LLC
$4,382 Closing Credit¹
#24028646, Rachael Gifford, Listing Office: 1 Worcester Homes
#170598004, Jacqueline Hoyt, Listing Office: Coldwell Banker Realty
#170581035, Jacqueline Hoyt, Listing Office: Coldwell Banker Realty
Nearby markets
Popular Cities with Homes for Sale in Connecticut
- Homes for sale in Stamford, CT
- Homes for sale in Shelton, CT
- Homes for sale in Danbury, CT
- Homes for sale in Trumbull, CT
- Homes for sale in Norwalk, CT
- Homes for sale in West Hartford, CT
- Homes for sale in Waterbury, CT
- Homes for sale in Stratford, CT
- Homes for sale in Bristol, CT
- Homes for sale in Milford, CT
- Homes for sale in Manchester, CT
- Homes for sale in Greenwich, CT
- Homes for sale in Bridgeport, CT
- Homes for sale in New Milford, CT
- Homes for sale in New Canaan, CT
- Homes for sale in Hamden, CT
- Homes for sale in Fairfield, CT
- Homes for sale in Westport, CT
- Homes for sale in Torrington, CT
- Homes for sale in New Haven, CT
- Homes for sale in Hartford, CT
MLS Disclaimers and Copyright
Based on information from SmartMLS, for the period 02/01/2023 - 02/01/2025
Copyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 5:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.