Is East Haven, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Haven is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, East Haven has remained a Seller's Market.

Key Takeaway

East Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Haven, CT

How much do homes in East Haven, CT cost?

Median Sold Price

$325,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$25,000(+8.3%)

Key Takeaway

Homes in East Haven have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in East Haven was $325,000 in August 2024, up 8.3% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $108.5K$105K
-3.2%
2 $231K$244K
+5.6%
3 $315K$347.5K
+10.3%
4 $345K$350K
+1.4%
5+ $389.5K$420K
+7.8%

Summary: East Haven housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

New Haven
+16.2%
North Haven
+13.0%
North Branford
+9.3%
East Haven
+8.3%
Branford
+5.2%

Housing Supply in East Haven, CT

How many homes are available in East Haven, CT?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
134114-14.9%

Summary: The East Haven real estate market had 114 homes for sale in August 2024, a 14.9% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 55
0.0%
2 4236
-14.3%
3 5646
-17.9%
4 2622
-15.4%
5+ 55
0.0%

Summary: The East Haven housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
3731-16.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Haven, you could pay more than the asking price. 64.5% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in East Haven in August 2024, down by 16.2% month-over-month. Of the 31 sold homes, 23% were sold under asking, 13% were sold at asking, and 65% were sold over asking.

Days on Market for East Haven, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in East Haven, CT

Nearby Markets to East Haven, CT

What housing markets are near East Haven, CT?