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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Haven is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, New Haven was a Neutral 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

$321,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$46,000(+16.7%)

Key Takeaway

Homes in New Haven have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in New Haven was $321,000 in February 2024, up 16.7% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $157.4K$177.1K
+12.5%
2 $200K$230K
+15.0%
3 $274.7K$309.9K
+12.8%
4 $294K$327.5K
+11.4%
5+ $371.2K$400K
+7.7%

Summary: New Haven housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

New Haven
+16.7%
East Haven
+11.8%
West Haven
+10.4%
Woodbridge
+9.8%
Hamden
+5.0%

Housing Supply in New Haven, CT

How many homes are available in New Haven, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
298309+3.7%

Summary: The New Haven real estate market had 309 homes for sale in February 2024, a 3.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 85
-37.5%
2 4246
+9.5%
3 5051
+2.0%
4 5154
+5.9%
5+ 147153
+4.1%

Summary: The New Haven housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 4.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4541-8.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Haven, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in New Haven in February 2024, down by 8.9% month-over-month. Of the 41 sold homes, 41% were sold under asking, 7% were sold at asking, and 51% 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in New Haven, CT

Nearby Markets to New Haven, CT

What housing markets are near New Haven, CT?