Is Hamden, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamden is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Hamden, CT

How much do homes in Hamden, CT cost?

Median Sold Price

$320,314

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$20,314(+6.8%)

Key Takeaway

Homes in Hamden have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Hamden was $320,314 in June 2024, up 6.8% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $132.5K$155K
+17.0%
2 $212K$240K
+13.2%
3 $310K$329.2K
+6.2%
4 $350K$387.7K
+10.8%
5+ $416K$454K
+9.1%

Summary: Hamden housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Cities

New Haven
+14.8%
North Haven
+10.1%
Hamden
+6.8%
Woodbridge
+0.7%
Bethany
-3.6%

Housing Supply in Hamden, CT

How many homes are available in Hamden, CT?

Number of Homes For Sale

May 2024Jun 2024CHANGE
246260+5.7%

Summary: The Hamden real estate market had 260 homes for sale in June 2024, a 5.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 67
+16.7%
2 3635
-2.8%
3 108115
+6.5%
4 6063
+5.0%
5+ 3640
+11.1%

Summary: The Hamden housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
6773+9.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamden, you could pay more than the asking price. 69.9% of homes here sold above asking price last month.

Summary: A total of 73 homes were sold or pending in Hamden in June 2024, up by 9.0% month-over-month. Of the 73 sold homes, 22% were sold under asking, 8% were sold at asking, and 70% were sold over asking.

Days on Market for Hamden, 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 19 Days Ago

Newest Listings in Hamden, CT

Nearby Markets to Hamden, CT

What housing markets are near Hamden, CT?