Is Newington, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newington has remained a Seller's Market.
Key Takeaway
Newington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newington, CT
How much do homes in Newington, CT cost?
Median Sold Price
$319,166
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newington have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Newington was $319,166 in May 2024, up 14.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.5K | $165K | +25.5% |
| 2 Bedrooms | $221K | $250K | +13.1% |
| 3 Bedrooms | $300K | $340K | +13.3% |
| 4 Bedrooms | $365K | $384.6K | +5.4% |
| 5+ Bedrooms | $382K | $475K | +24.3% |
Summary: Newington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 24.3%.
Median Sold Price Compared To Nearby Cities
| Newington | $279.5K | $319.1K | +14.2% |
| New Britain | $241.5K | $275K | +13.9% |
| Rocky Hill | $304.1K | $345.1K | +13.5% |
| Berlin | $349.9K | $380K | +8.6% |
| Wethersfield | $325K | $352K | +8.3% |
Housing Supply in Newington, CT
How many homes are available in Newington, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 95 | +5.6% |
Summary: The Newington real estate market had 95 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 34 | 29 | -14.7% |
| 3 Bedrooms | 42 | 41 | -2.4% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Newington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 23 | -30.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newington, you could pay more than the asking price. 78.3% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Newington in May 2024, down by 30.3% month-over-month. Of the 23 sold homes, 4% were sold under asking, 17% were sold at asking, and 78% were sold over asking.
Days on Market for Newington, CT
We’re sorry, we don't have information for this market at the moment
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