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Featured local agent — Groton Long Point, CT
Sarah Mitchell
Compass Real Estate · Groton Long Point, CT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Groton Long Point, CT Housing Market
The last median sale price Redfin published was $1.22M, -4.3% year over year (through May 2026). With homes going under contract in about 11 days, Groton Long Point is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $1.22M home is about $6,272/mo in principal and interest.
Key numbers for Groton Long Point, CT
Median sale price
$1.22M
-4.3% year over year
Redfin, through February 2026
Days on market
11
Fast-moving
Redfin, through February 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$122,500
Home costs 10.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
106.1%
Selling above asking
Redfin, through February 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Groton Long Point a buyer's or seller's market?
Groton Long Point, CT is a seller's market and homes selling in about 11 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Groton Long Point housing market data show?
Every row below is Redfin's final published month for Groton Long Point, CT. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $1.22M |
| Year-over-year price change | -4.3% |
| Median price per sq ft | $605/sq ft |
| Median days on market | 11 days |
| Sale-to-list price ratio | 106.1% |
| Homes sold (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Groton Long Point is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Groton Long Point is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Groton Long Point home prices moved?
Over the last three years the median sale price in Groton Long Point, CT rose 91.0%, from $638,750 to $1.22M.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Groton Long Point?
Priced off the median sale price of $1.22M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $244,000 | $976,000 | $6,272/mo |
| 5% | $61,000 | $1.16M | $7,448/mo |
Redfin, through February 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $6,272, that implies roughly $268,802 a year before you add taxes and insurance. The median household in Groton Long Point earns $122,500, about $146,302 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 10.0x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Groton Long Point in the next 12 months?
Tell us your timeline. We send the Groton Long Point market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Groton Long Point?
Zillow does not publish a rent index (ZORI) for Groton Long Point, CT, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Groton Long Point?
Active listings in Groton Long Point, CT went from 4 in October 2023 to 2 in September 2025, a -50.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| January 2024 | 4 | 1 |
| April 2024 | 5 | 3 |
| May 2024 | 2 | not published |
| July 2024 | 2 | 2 |
| August 2024 | 3 | 1 |
| October 2024 | 3 | 1 |
| December 2024 | 2 | not published |
| January 2025 | 1 | 1 |
| February 2025 | 1 | 1 |
| June 2025 | 1 | 2 |
| August 2025 | 2 | 2 |
| September 2025 | 2 | 1 |
Redfin, through September 2025
How does Groton Long Point compare to Connecticut and the U.S.?
Groton Long Point homes sell for $1.22M — 145% above the Connecticut median of $498,000. Against the national median of $410,700, Groton Long Point runs 197% higher. Year-over-year, Groton Long Point moved -4.3% against Connecticut's +7.1% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Groton Long Point, CT | $1.22M | -4.3% | 11 days |
| Connecticut statewide | $498,000 | +7.1% | 31 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Groton Long Point
What buyers should watch
- The gap between 5% and 20% down here is $1,176 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $1.22M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Groton Long Point listing goes under contract in 11 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 106.1% of asking. Price at the number you want and let competition do the rest.
- Comparable ZIP-level pricing inside Groton Long Point varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Groton Long Point
Explore homes currently listed for sale in Groton Long Point, Connecticut across major real estate platforms.
How much do homes cost in Groton Long Point by property type?
How the Groton Long Point, CT market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.22M | $605/sq ft | 1 | 11 days |
Who lives in Groton Long Point?
American Community Survey estimates for Groton Long Point. U.S. Census ACS, 2023
Population
511
Households
262
Median income
$122,500/yr
Median age
61.1 years
Owner-occupied
85.9%
Median home value
$897,400
Median gross rent
$2,313/mo
Mean commute
28 min
85.9% of occupied homes in Groton Long Point are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Groton Long Point, CT?
Ordered by distance from Groton Long Point, not by size. Compare Groton Long Point side by side with any of them.
Groton Long Point housing market FAQ
Is Groton Long Point a buyer's or seller's market?
Groton Long Point, CT is currently a seller's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Groton Long Point?
The median sale price in the last month Redfin published was $1.22M, about $605 per square foot.
Is Groton Long Point cheaper than the rest of Connecticut?
Groton Long Point's median sale price of $1.22M is 145% higher than the Connecticut statewide median of $498,000, and 197% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Groton Long Point?
Homes in Groton Long Point, CT spent a median of 11 days on market before going under contract, versus 31 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Groton Long Point?
At the current 30-year fixed rate of 6.66%, 20% down on a $1.22M home is about $6,272 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $268,802 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $122,500.
Are home prices rising in Groton Long Point?
Redfin's last published year-over-year change for Groton Long Point, CT was -4.3%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Groton Long Point?
Groton Long Point ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Groton Long Point?
That depends on your timeline, not on a headline. What the data says today: Groton Long Point, CT is a seller's market, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $1.22M, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.