Is New Britain, 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, New Britain has remained a Seller's Market.
Key Takeaway
New Britain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Britain, CT
How much do homes in New Britain, CT cost?
Median Sold Price
$270,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Britain have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in New Britain was $270,000 in March 2024, up 12.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $105K | +18.0% |
| 2 Bedrooms | $170K | $195K | +14.7% |
| 3 Bedrooms | $239K | $259.9K | +8.7% |
| 4 Bedrooms | $245K | $275K | +12.2% |
| 5+ Bedrooms | $309K | $359.5K | +16.3% |
Summary: New Britain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Newington | $275K | $315K | +14.5% |
| New Britain | $240K | $270K | +12.5% |
| Plainville | $245K | $275K | +12.2% |
| Berlin | $340K | $380K | +11.8% |
| Farmington | $368K | $395K | +7.3% |
Housing Supply in New Britain, CT
How many homes are available in New Britain, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 122 | +3.4% |
Summary: The New Britain real estate market had 122 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 34 | 41 | +20.6% |
Summary: The New Britain housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Asking Price vs. Sold Price
10 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 New Britain, you could pay more than the asking price. 63.4% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in New Britain in March 2024, up by 10.8% month-over-month. Of the 41 sold homes, 24% were sold under asking, 12% were sold at asking, and 63% were sold over asking.
Days on Market for New Britain, CT
We’re sorry, we don't have information for this market at the moment
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