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GROTON, CT 06340

Real Estate Market Report  ·  Southeastern Connecticut Planning Region County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The GROTON, CT real estate market (06340) currently shows 40 active listings, with 21 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 46 days on market compared to 26 days last year.

The median listing price has risen 31.2% year-over-year, from $425,000 to $557,475.

Whether you are buying or selling in GROTON, CT, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 29,672  ·  Density: 508.3/mi²  ·  Median household income: $76,138

Typical home value: $248,468  ·  Homeownership: 44.6%

Market Overview

Active Listings
40
⇧ 14.3% vs 35 last year
Pending
21
53% pending ratio
Median Price
$557,475
⇧ 31.2% vs $425,000 last year
Average Price
$812,141
⇧ 17.2% vs $692,925 last year
Days on Market
46
⇧ 76.9% vs 26 days last year

Price Per Square Foot

Median $/sqft
$303
⇧ 24.7% vs $243/sqft last year
Median Home Size
1,707 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 35 last year
  • Days on market: 46 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $557,475 (+31.2% YoY)
  • Average: $812,141 (+17.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.8 miles — 287 listings ($231,801,971 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
06340Groton, CT 063400.0 mi39$30,640,350$539,900$785,650
06355Mystic, CT 063553.8 mi25$38,196,150$1,010,000$1,527,846
06375Quaker Hill, CT 063755.4 mi3$1,098,000$366,000$366,000
06339Ledyard, CT 063396.5 mi18$8,314,092$464,000$461,894
06378Stonington, CT 063787.0 mi24$49,461,528$2,060,000$2,060,897
06353Montville, CT 063538.5 mi1$260,000$260,000$260,000
06379Pawcatuck, CT 063799.7 mi15$17,902,050$909,900$1,193,470
06333East Lyme, CT 0633310.6 mi30$28,308,120$1,055,000$943,604
06359North Stonington, CT 0635911.8 mi11$9,086,968$467,425$826,088
06360Norwich, CT 0636013.5 mi103$40,820,857$290,450$396,319
06420Salem, CT 0642014.5 mi8$3,647,856$171,225$455,982
06334Bozrah, CT 0633414.6 mi4$1,586,500$394,975$396,625
02808Bradford, RI 0280815.8 mi6$2,479,500$413,250$413,250

Frequently Asked Questions

How many homes are for sale in GROTON, CT 06340?

As of March 2026, there are 40 active listings in GROTON, CT (zip code 06340), compared to 35 the prior year.

What is the median home price in GROTON, CT 06340?

The median listing price in GROTON, CT 06340 is $557,475 as of March 2026, a 31.2% increase from $425,000 the prior year.

How long do homes stay on the market in GROTON, CT?

Homes in GROTON, CT 06340 spend an average of 46 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in GROTON, CT 06340?

Based on current inventory and days-on-market data as of March 2026, GROTON, CT 06340 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 46 days on market compared to 26 days last year.

How much can I save on real estate commission in GROTON, CT?

With SELL123.com's maximum 3% commission, sellers in GROTON, CT 06340 save an estimated $11,150 compared to a typical 5% commission on the median listing price of $557,475. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.