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.
Key Takeaway
New Haven is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in New Haven have sold for 14.4% more than they did a year ago.
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
Key Takeaway
If you're buying a home in New Haven, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
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
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