Is Hartford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hartford has remained a Seller's Market.
Key Takeaway
Hartford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hartford, CT
How much do homes in Hartford, CT cost?
Median Sold Price
$260,392
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hartford have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Hartford was $260,392 in March 2024, up 8.5% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $79.9K | -6.0% |
| 2 Bedrooms | $117.5K | $156.5K | +33.2% |
| 3 Bedrooms | $215K | $236K | +9.8% |
| 4 Bedrooms | $229.5K | $255K | +11.1% |
| 5+ Bedrooms | $313K | $350K | +11.8% |
Summary: Hartford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 33.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
| West Hartford | $389.5K | $438K | +12.5% |
| East Hartford | $242.2K | $263.7K | +8.9% |
| Hartford | $240K | $260.3K | +8.5% |
| Wethersfield | $323.4K | $347K | +7.3% |
| Bloomfield | $300K | $315K | +5.0% |
Housing Supply in Hartford, CT
How many homes are available in Hartford, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 185 | 199 | +7.6% |
Summary: The Hartford real estate market had 199 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 16 | +6.7% |
| 2 Bedrooms | 27 | 28 | +3.7% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 27 | 30 | +11.1% |
| 5+ Bedrooms | 80 | 88 | +10.0% |
Summary: The Hartford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 46 | +35.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hartford, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Hartford in March 2024, up by 35.3% month-over-month. Of the 46 sold homes, 33% were sold under asking, 11% were sold at asking, and 57% were sold over asking.
Days on Market for Hartford, CT
We’re sorry, we don't have information for this market at the moment
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