Is Fair Haven, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Fair Haven was a Seller's Market.
Key Takeaway
Fair Haven is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fair Haven, CT
How much do homes in Fair Haven, CT cost?
Median Sold Price
$300,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fair Haven have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Fair Haven was $300,000 in March 2024, up 11.5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $151K | +6.0% |
| 2 Bedrooms | $188.7K | $135.2K | -28.3% |
| 3 Bedrooms | $201.5K | $299K | +48.4% |
| 4 Bedrooms | $285K | $300K | +5.3% |
| 5+ Bedrooms | $322K | $347.5K | +7.9% |
Summary: Fair Haven housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 28.3%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Fair Haven, CT
How many homes are available in Fair Haven, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The Fair Haven real estate market had 46 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 2 | 7 | +250.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 30 | 26 | -13.3% |
Summary: The Fair Haven housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 250%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fair Haven, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fair Haven in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Fair Haven, CT
We’re sorry, we don't have information for this market at the moment
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