Is New Haven, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Haven is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in New Haven, CT cost?

Median Sold Price

$279,895

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$24,895(+9.8%)

Key Takeaway

Homes in New Haven have sold for 9.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $157K$146.5K
-6.7%
2 $186.7K$200K
+7.1%
3 $246.5K$273.7K
+11.1%
4 $260K$310K
+19.2%
5+ $328K$373.3K
+13.8%

Median Sold Price Compared To Nearby Cities

Orange
+12.8%
Hamden
+11.7%
New Haven
+9.8%
East Haven
+9.6%
West Haven
+9.3%

How many homes are available in New Haven, CT?

Number of Homes For Sale

Aug 2022Sep 2022%
275264-4.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1712
-29.4%
2 6355
-12.7%
3 8684
-2.3%
4 3641
+13.9%
5+ 7372
-1.4%

Number of Homes Sold

Aug 2022Sep 2022%
7660-21.1%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Haven, you could pay more than the asking price. 63.3% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About New Haven, CT

There are 264 homes are for sale in New Haven, CT real estate market. In September 2022 in New Haven, CT there were 4% less homes for sale than in August 2022. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 6.7%, prices of 2 bedrooms properties went up by 7.1%, 3 bedrooms properties became 11.1% more expensive, 4 bedrooms properties prices increased by 19.2%, prices of 5 bedrooms properties increased by 13.8%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 29.4%, 2 bedrooms homes became 12.7% less available, the quantity of 3 bedrooms homes went down by 2.3%, the quantity of 4 bedrooms homes went up by 13.9%, 5 bedrooms homes inventory decreased by 1.4%. New Haven, CT housing market in September 2022 saw over 38 listings sold above listed price, more than 7 sold at listed price and over 15 sold below.

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