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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Haven County is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in New Haven County, CT cost?

Median Sold Price

$293,032

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$26,669(+10.0%)

Key Takeaway

Homes in New Haven County have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $130K$142.6K
+9.7%
2 $185.8K$208K
+12.0%
3 $272.9K$302.6K
+10.8%
4 $369.5K$400.1K
+8.3%
5+ $315K$349.8K
+11.1%

Median Sold Price Compared To Nearby Counties

New Haven County
+10.0%
Hartford County
+7.7%
Litchfield County
+7.6%
Middlesex County
+5.2%
Fairfield County
+2.7%

How many homes are available in New Haven County, CT?

Number of Homes For Sale

Jul 2022Aug 2022%
3,7973,614-4.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 119107
-10.1%
2 738698
-5.4%
3 1,6071,488
-7.4%
4 875864
-1.3%
5+ 458457
-0.2%

Number of Homes Sold

Jul 2022Aug 2022%
1,0081,020+1.2%

Asking Price vs. Sold Price

319 Homes Were Sold
Under Asking

95 Homes Were Sold
At Asking

606 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Haven County, you could pay more than the asking price. 59.4% 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 County, CT

Number of homes for sale in New Haven County, CT real estate market have reached 3,614. The number of homes for sale in New Haven County, CT decreased by 4.8% between July 2022 and August 2022. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 9.7%, 2 bedrooms properties prices increased by 12%, 3 bedrooms properties became 10.8% more expensive, 4 bedrooms properties prices increased by 8.3%, 5 bedrooms properties prices increased by 11.1%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 10.1%, the quantity of 2 bedrooms homes went down by 5.4%, volume of 3 bedrooms homes went down by 7.4%, 4 bedrooms homes became 1.3% less available, number of 5 bedrooms homes decreased by 0.2%. Over 606 listings were sold over their listed price in August 2022 in New Haven County, CT. In the same period over 319 listings were sold below the listed price and 95 listings were sold for the listed price.

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