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Featured local agent — Lakes East, CT
Sarah Mitchell
Compass Real Estate · Lakes East, CT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lakes East, CT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$520,000median sale price
How is the Lakes East, CT housing market right now?
The median home sale price in Lakes East, CT is $520,000, down 42.2% year-over-year. Homes sell in an average of 101 days with 4 active listings. The market is currently a leaning buyer's. (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 Lakes East a buyer's or seller's market?
Lakes East, CT is currently a leaning buyer's, based on 4.0 months of supply and homes selling in about 101 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
101
Average pace
Active listings
4
4.0 months supply
Sale-to-list
100.0%
Above asking
What does the Lakes East housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $520,000 |
| Median list price | $719,000 |
| Year-over-year price change | -42.2% |
| Average days on market | 101 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $628/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 6 |
| Listings with a price cut | 50.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lakes East by property type?
How the Lakes East, 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 | $520,000 | $628/sq ft | 1 | 101 days |
Source: Redfin · Updated monthly
The Lakes East housing market is currently classified as a leaning buyer's with a median sale price of $520,000. Prices have fallen 42.2% compared to last year, with homes spending an average of 101 days on market, indicating 4.0 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 Lakes East
There are currently 4 homes listed for sale in Lakes East, Connecticut. The median listing price is $719K.
Active listings
4
Homes on market
Median list price
$719K
Avg. days on market
101
Days until sale
New this week
6
Newly listed
Who lives in Lakes East?
Population
1,295
Median income
$211,728/yr
Median age
42.4 years
Owner-occupied
100.0%
College grads
76.8%
Avg commute
29.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Lakes East?
Lakes East is a community of approximately 1K residents with a median age of 42.4 years.The median household income is $211,728, which reflects a relatively affluent area with strong earning potential. 76.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lakes East offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lakes East, CT?
Want a head-to-head view? Compare Lakes East side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lakes East?
The median home sale price in Lakes East is $520,000, down 42.2% from last year.
How long do homes stay on market in Lakes East?
Homes typically spend 101 days on market before going under contract.
What is the median income in Lakes East?
The median household income is $211,728 per year.
Is Lakes East a buyer's or seller's market?
With 4.0 months of supply, Lakes East is currently a leaning buyer's.
How much does a single-family home cost in Lakes East?
The median single-family home price in Lakes East, CT is $520,000 (about $628 per square foot).
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