Bridgeport's real estate market is experiencing a price correction, with values down 65.9% from last year. Home prices have decreased 70.1% in the past month. With 5.0 months of supply, Bridgeport's inventory levels remain relatively tight. Properties are selling within just 66 days on average, much faster than the historical norm of 151 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Bridgeport market with the affordability index at 84.9. Based on current market indicators, home prices in Bridgeport are projected to increase by approximately 16.3% over the next month.
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