Is New Haven, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, New Haven was a Seller's Market.
Housing Prices in New Haven, CT
How much do homes in New Haven, CT cost?
Median Sold Price
$320,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Haven was $320,000 in March 2024, up 14.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $175K | -2.8% |
2 Bedrooms | $200K | $230K | +15.0% |
3 Bedrooms | $271K | $310K | +14.4% |
4 Bedrooms | $290K | $330K | +13.8% |
5+ Bedrooms | $382.5K | $400K | +4.6% |
Summary: New Haven housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
New Haven | $279.7K | $320K | +14.4% |
West Haven | $287.2K | $320K | +11.4% |
East Haven | $285K | $316K | +10.9% |
Woodbridge | $600K | $654.2K | +9.0% |
Hamden | $297.3K | $311.6K | +4.8% |
Housing Supply in New Haven, CT
How many homes are available in New Haven, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
316 | 323 | +2.2% |
Summary: The New Haven real estate market had 323 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 47 | 47 | 0.0% |
3 Bedrooms | 53 | 66 | +24.5% |
4 Bedrooms | 60 | 64 | +6.7% |
5+ Bedrooms | 150 | 142 | -5.3% |
Summary: The New Haven housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 37 | -21.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in New Haven in March 2024, down by 21.3% month-over-month. Of the 37 sold homes, 51% were sold under asking, 8% were sold at asking, and 41% were sold over asking.
Days on Market for New Haven, CT
We’re sorry, we don't have information for this market at the moment