Is Cromwell, CT 06416 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Cromwell is a seller’s market. With about 1.5 months of supply and 74% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score94/ 100

More competitive than 98% of U.S. ZIP codes, and #26 of 197 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.5Under 4 months = seller’s market
Sold above original list73.6%Share of sales, last 3 months
Median sale-to-list104%Sold price ÷ list price
Median days on market19Listing to accepted offer
Median price per sq ft$252▲ +11.0% vs. last year

The Cromwell housing market right now

In the three months ending August 31, 2026, 74% of homes in Cromwell, CT 06416 sold above their list price, the typical home went under contract in 19 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 59 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 55%, homes sold faster (21 days then) and the median sale price rose 13% to $424,816. Overall, Cromwell is more competitive than a year ago, so tougher for buyers.

Within Middlesex County, homes here sell faster than in 95% of the county’s ZIP codes, and sell more often over asking than in 85%. On our competition score, Cromwell ranks #26 of 197 CT ZIP codes with enough sales (score 94 out of 100).

Nearby, buyers who want less competition could look at East Haddam 06423 (29% sold over asking) or Moodus 06469 (31% sold over asking), while Centerbrook 06409 (100% sold over asking) and Middle Haddam 06456 (100% sold over asking) are even more competitive.

Nearby markets

Centerbrook 06409Buyer’s market $567 /sq ftChester 06412Seller’s market $260 /sq ftClinton 06413Seller’s market $315 /sq ftCobalt 06414 — /sq ft Browse all markets →

Where Cromwell is

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Questions about Cromwell real estate

Is Cromwell a buyer’s or seller’s market?

A seller’s market: there were 1.5 months of supply in Cromwell, CT 06416 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Cromwell?

The typical home went under contract in 19 days in the latest three months.

Do homes in Cromwell sell over asking?

74% of homes sold above their original list price, and the typical sale closed at 104.0% of the list price.

What is the median home price in Cromwell?

The median sale price was $424,816 in the three months ending August 31, 2026, about $252 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology