Is New Haven County, 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 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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $179.9K | +12.5% |
| 2 Bedrooms | $220K | $250.1K | +13.7% |
| 3 Bedrooms | $319.7K | $341.4K | +6.8% |
| 4 Bedrooms | $415K | $438.7K | +5.7% |
| 5+ Bedrooms | $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 | $299.9K | $336.6K | +12.2% |
| New Haven County | $305.4K | $335.5K | +9.9% |
| Hartford County | $297K | $325.7K | +9.6% |
| Fairfield County | $534.9K | $574.7K | +7.4% |
| Middlesex County | $340.3K | $360K | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,121 | 2,256 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 70 | 70 | 0.0% |
| 2 Bedrooms | 436 | 475 | +8.9% |
| 3 Bedrooms | 792 | 867 | +9.5% |
| 4 Bedrooms | 464 | 496 | +6.9% |
| 5+ Bedrooms | 359 | 348 | -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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 466 | 543 | +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
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
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