Old Saybrook appreciation rates and housing market information

Old Saybrook housing market information

With a population of 10,367, 5,357 total housing units (homes and apartments), and a median house value of $386,200, real estate costs in Old Saybrook are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

single-family detached homes are the single most common housing type in Old Saybrook, accounting for 90.74% of the town's housing units. Other types of housing that are prevalent in Old Saybrook include duplexes, homes converted to apartments, or other small apartment buildings (3.17%), large apartment complexes or high rise apartments (3.04%), and a few row houses and other attached homes (2.84%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Old Saybrook. Owner-occupied housing accounts for 65.19% of Old Saybrook's homes, and 68.13% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Old Saybrook's housing was primarily built during this period, from the '40s through the '60s. A full 47.47% of the town's housing hails from this era. Other housing ages represented in Old Saybrook include homes built between 1970-1994 (32.57%), and housing constructed from 1939 and earlier (17.53%). There's also some housing in Old Saybrook built between 1995 and later (2.43%).

Old Saybrook home appreciation rates

Appreciation rates for homes in Old Saybrook have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.85%, which ranks in the top 40% nationwide. This equates to an annual average Old Saybrook house appreciation rate of 9.28%.

Over the last year, Old Saybrook appreciation rates have trailed the rest of the nation. In the last twelve months, Old Saybrook's appreciation rate has been 0.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Old Saybrook were at -0.87%, which equates to an annual appreciation rate of -3.48%.

Relative to Connecticut, our data show that Old Saybrook's latest annual appreciation rate is higher than 92% of the other cities and towns in Connecticut.