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 March 2023

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.

Housing Prices in New Haven County, CT

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

Median Sold Price

$335,592

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$30,158(+9.9%)

Key Takeaway

Homes in New Haven County have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in New Haven County was $335,592 in March 2024, up 9.9% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $160K$179.9K
+12.5%
2 $220K$250.1K
+13.7%
3 $319.7K$341.4K
+6.8%
4 $415K$438.7K
+5.7%
5+ $360K$410K
+13.9%

Summary: New Haven County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Counties

Litchfield County
+12.2%
New Haven County
+9.9%
Hartford County
+9.6%
Fairfield County
+7.4%
Middlesex County
+5.8%

Housing Supply in New Haven County, CT

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2,1212,256+6.4%

Summary: The New Haven County real estate market had 2,256 homes for sale in March 2024, a 6.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 7070
0.0%
2 436475
+8.9%
3 792867
+9.5%
4 464496
+6.9%
5+ 359348
-3.1%

Summary: The New Haven County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 3.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
466543+16.5%

Asking Price vs. Sold Price

193 Homes Were Sold
Under Asking

61 Homes Were Sold
At Asking

289 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. 53.2% of homes here sold above asking price last month.

Summary: A total of 543 homes were sold or pending in New Haven County in March 2024, up by 16.5% month-over-month. Of the 543 sold homes, 36% were sold under asking, 11% were sold at asking, and 53% were sold over asking.

Days on Market for New Haven County, 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 11 Days Ago

Newest Listings in New Haven County, CT

Nearby Markets to New Haven County, CT

What housing markets are near New Haven County, CT?