Trumbull, CT

Real estate in Trumbull, CT is a hot commodity. With a population of over 25,000 people and an average household income of over $100,000, there is plenty of demand for homes in this town. The real estate market has been steadily growing since the recession ended in 2009, and prices have increased significantly in recent years.

There are a number of factors that have contributed to the growth of the Trumbull real estate market. First and foremost is the strong economy. Jobs are plentiful and people are able to afford more expensive homes than they were before the recession. Additionally, Trumbull is located in one of Connecticut's most desirable areas. It is close to both Hartford and New Haven, two major cities with a lot to offer residents. Finally, Trumbull has excellent schools and infrastructure, which makes it an attractive place to live overall.

Despite these positive factors, there are some challenges facing the Trumbull real estate market as well. One issue is that there are not enough homes available for sale; according to Zillow data from August 2018, only 58% of homes for sale were available at any given time. This shortage has led to high prices and limited availability; according to Zillow data from September 2018, median home prices in Trumbull were $1 million or more (compared with $269 thousand nationwide). Another challenge facing the Trumbull real estate market is that it can be difficult to find properties that meet your specific needs; many homes on the market are large or luxury apartments rather than single-family houses or condos. Finally, although Trumbull has excellent schools and infrastructure, it can be difficult for families who want more space or who have children who attend different schools than their own parents' schools to find suitable housing near their preferred location.