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Featured local agent — Lake Chaffee, CT
Sarah Mitchell
Compass Real Estate · Lake Chaffee, CT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Chaffee, CT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$535,000median sale price
How is the Lake Chaffee, CT housing market right now?
The median home sale price in Lake Chaffee, CT is $535,000, up 61.6% year-over-year. Homes sell in an average of 40 days with 2 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Chaffee a buyer's or seller's market?
Lake Chaffee, CT is currently a seller's market, based on 2.0 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
40
Average pace
Active listings
2
2.0 months supply
Sale-to-list
102.9%
Above asking
What does the Lake Chaffee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $535,000 |
| Median list price | $293,650 |
| Year-over-year price change | +61.6% |
| Average days on market | 40 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 102.9% |
| Median price per sq ft | $455/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Chaffee by property type?
How the Lake Chaffee, CT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $535,000 | $455/sq ft | 1 | 40 days |
Source: Redfin · Updated monthly
The Lake Chaffee housing market is currently classified as a seller's market with a median sale price of $535,000. Prices have risen 61.6% compared to last year, with homes spending an average of 40 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Lake Chaffee
There are currently 2 homes listed for sale in Lake Chaffee, Connecticut. The median listing price is $294K.
Active listings
2
Homes on market
Median list price
$294K
Avg. days on market
40
Days until sale
New this week
2
Newly listed
Who lives in Lake Chaffee?
Population
299
Median income
$97,813/yr
Median age
48.6 years
Owner-occupied
80.0%
College grads
45.7%
Avg commute
37.1 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Chaffee?
Lake Chaffee is a community of approximately 0K residents with a median age of 48.6 years.The median household income is $97,813, which reflects a relatively affluent area with strong earning potential. 45.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Chaffee offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Chaffee, CT?
Want a head-to-head view? Compare Lake Chaffee side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Chaffee?
The median home sale price in Lake Chaffee is $535,000, up 61.6% from last year.
How long do homes stay on market in Lake Chaffee?
Homes typically spend 40 days on market before going under contract.
What is the median income in Lake Chaffee?
The median household income is $97,813 per year.
Is Lake Chaffee a buyer's or seller's market?
With 2.0 months of supply, Lake Chaffee is currently a seller's market.
How much does a single-family home cost in Lake Chaffee?
The median single-family home price in Lake Chaffee, CT is $535,000 (about $455 per square foot).
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