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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hartford is a seller's market

Buyer's
Market

Difference Since February 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

$255,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,000(+6.3%)

Key Takeaway

Homes in Hartford have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Hartford was $255,000 in February 2024, up 6.3% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $78.5K$81.5K
+3.8%
2 $125K$147K
+17.6%
3 $215K$230.5K
+7.2%
4 $230K$250K
+8.7%
5+ $305K$350K
+14.8%

Summary: Hartford housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Cities

West Hartford
+12.9%
Wethersfield
+9.3%
East Hartford
+8.3%
Bloomfield
+6.7%
Hartford
+6.3%

Housing Supply in Hartford, CT

How many homes are available in Hartford, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1631630.0%

Summary: The Hartford real estate market had 163 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1213
+8.3%
2 2726
-3.7%
3 2632
+23.1%
4 2626
0.0%
5+ 7266
-8.3%

Summary: The Hartford housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3433-2.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hartford, you could pay more than the asking price. 51.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Hartford in February 2024, down by 2.9% month-over-month. Of the 33 sold homes, 42% were sold under asking, 6% were sold at asking, and 52% were sold over asking.

Days on Market for Hartford, 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 1 Day Ago

Newest Listings in Hartford, CT

Nearby Markets to Hartford, CT

What housing markets are near Hartford, CT?