Four Things to Know about Hartford CT Real Estate
Did you know that Connecticut real estate is increasing in value?
Last year, the value of real estate in Hartford (use this link comes from our site Hartford, CT (altos.re)rose by 11%. This increase left the median selling price at $224,000.
This is great news for Hartford CT real estate investors, as they are finding the area more desirable.
However, many potential home buyers still have questions about properties in Hartford. What is so attractive about the area? Will Hartford prices continue to increase? And, what other cities offer flourishing real estate markets?
We have put together a guide to help you answer those questions. Our experience can help you get the information that you need to land the home of your dreams.
Hartford CT Real Estate Is Exploding
Over the course of the past two years, the American housing market has exploded. Low interest rates have attracted more real estate investors than ever. Consequently, prices have exploded.
In 2022, however, the real estate market is projected to calm down. Interest rates will return to their normal rates, and prices are projected to decrease.
This reality might have some investors wondering about the housing market in Hartford. Will housing prices decrease in the next year? Is Hartford still a good place to invest?
No, housing prices in Hartford aren’t projected to suddenly plummet. Yes, the city is a good place to invest.
Take a look at this chart (Hartford, CT (altos.re) of how the market has evolved since 2019. Hartford’s market started to skyrocket well before the pandemic.
In 2017, the median housing price was just over $100,000. By 2019, the price had inched to $150,000. Now, it has reached $224,000.
These numbers reveal a blossoming market that we expect to keep growing.
What Makes Hartford Attractive
Do you love history? Are you the type of person who enjoys art and culture? If so, you will see that there is a lot to appreciate about Hartford.
Founded in 1635, Hartford is one of the oldest cities in the United States. As such, the area is teeming with gorgeous old buildings and fascinating museums.
Hartford offers numerous educational outings, like the Mark Twain Museum. The Museum of Connecticut History is another popular stop.
The area also boasts a fantastic arts culture. Swing by the Bushnell Performing Arts Center for a play or even some ballet. Alternatively, you can see something more contemporary at TheaterWorks.
In terms of growth, Hartford’s future is bright. Job growth in Hartford is projected to increase by 24% in the near future.
Other Cute Nearby Cities
If you aren’t interested in big city living, don’t worry. You can access all that Hartford has to offer from a smaller town nearby.
Add West Hartford CT, West Hartford, CT – Niche
Farmington, CT is a charming town located just a short drive from Hartford. With gorgeous autumn leaves and a picturesque white church, this town is classic New England.
Bloomfield, CT also has a lot to offer. The town was named one of the best places to live by Reader’s Digest. It is
The homes in these areas are stunning. You can expect to see anything from the classic colonial style to more modern architecture.
Schedule A Viewing Today
Hartford, CT real estate prices are growing. If you are looking to invest in property, don’t hesitate.
Click here to contact us and schedule a viewing. We have some incredible listings that you will surely want to explore.