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 February 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

$315,166

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,388(+11.8%)

Key Takeaway

Homes in East Haven have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in East Haven was $315,166 in February 2024, up 11.8% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $106.5K$172.3K
+61.9%
2 $207.5K$235K
+13.3%
3 $300K$335K
+11.7%
4 $336.2K$350K
+4.1%
5+ $379K$410.5K
+8.3%

Summary: East Haven housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.9%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Cities

New Haven
+16.7%
Branford
+12.7%
East Haven
+11.8%
North Branford
+2.0%
North Haven
+0.9%

Housing Supply in East Haven, CT

How many homes are available in East Haven, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8979-11.2%

Summary: The East Haven real estate market had 79 homes for sale in February 2024, a 11.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 35
+66.7%
2 2525
0.0%
3 3423
-32.4%
4 1921
+10.5%
5+ 85
-37.5%

Summary: The East Haven housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 32.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2819-32.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 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. 47.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in East Haven in February 2024, down by 32.1% month-over-month. Of the 19 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% 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 27 Days Ago

Newest Listings in East Haven, CT

Nearby Markets to East Haven, CT

What housing markets are near East Haven, CT?