Old Saybrook, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Old Saybrook, CT Real Estate Data


Old Saybrook Housing Market Information

With 10,160 people, 4,217 houses or apartments, and a median cost of homes of $408,948, Old Saybrook house prices are not only among the most expensive in Connecticut, Old Saybrook real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Old Saybrook, accounting for 93.91% of the town's housing units. Other types of housing that are prevalent in Old Saybrook include large apartment complexes or high rise apartments ( 2.67%), duplexes, homes converted to apartments or other small apartment buildings ( 1.60%), and a few row houses and other attached homes ( 1.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Old Saybrook. Owner-occupied housing accounts for 82.89% of Old Saybrook's homes, and 71.72% 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 44.26% of the town's housing hails from this era. Other housing ages represented in Old Saybrook include homes built between 1970-1999 ( 34.31%) and housing constructed before 1939 ( 15.45%). There's also some housing in Old Saybrook built between 2000 and later ( 5.99%).

Vacant housing appears to be an issue in Old Saybrook. Fully 27.47% of the housing stock is classified as vacant. Left unchecked, vacant Old Saybrook homes and apartments can be a drag on the real estate market, holding Old Saybrook real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Old Saybrook Home Appreciation Rates

Old Saybrook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Old Saybrook during the period has been just -1.09%, which is lower than 70% of US communities.

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 2.04%, 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 0.71%, which equates to an annual appreciation rate of 2.86%.

Notably, Old Saybrook's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Old Saybrook's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$408,948

Old Saybrook, CT HOME PRICES

Value Range
> $1,021,000 6.3
$765,001 - $1,021,000 3.8
$511,001 - $765,000 17.5
$409,001 - $511,000 18.3
$307,001 - $409,000 23.9
$205,001 - $307,000 24.9
$102,001 - $205,000 2.8
$51,001 - $102,000 0.5
$0 - $51,000 2.0

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
9.28734555249751 16.5680473372781

Number Of Homes And Apartments:
4,217

Rent & Ownership

 

Average Market Rent:
$1,675 / per month

Homeownership Rate

Homeownership
Owners 82.89
Renters 17.11
Vacant 27.47

Housing Market Details

 

Age of Homes

AGE OF Old Saybrook HOMES
2000 or Newer 6.0
1970 - 1999 34.3
1940 - 1969 44.3
1939 or Older 15.4

Types of Homes

TYPE OF Old Saybrook HOMES
Single-Family 93.9
Townhomes 1.6
Small Apt. Buildings 1.6
Apt. Complexes 2.7
Mobile Homes 0.1
Other 0.2

Home Size

SIZE OF Old Saybrook HOMES
No Bedroom 0.00
1 Bedroom 2.67
2 Bedrooms 21.22
3 Bedrooms 50.36
4 Bedrooms 21.36
5 or more bedrooms 4.39

Old Saybrook Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
57.63% 2.71% 10 7
* 10 is highest

Popular Neighborhoods in Old Saybrook

Zip Codes in Old Saybrook, CT