Is New Haven, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, New Haven was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.4K | $177.1K | +12.5% |
2 Bedrooms | $200K | $230K | +15.0% |
3 Bedrooms | $274.7K | $309.9K | +12.8% |
4 Bedrooms | $294K | $327.5K | +11.4% |
5+ Bedrooms | $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 | $275K | $321K | +16.7% |
East Haven | $281.7K | $315.1K | +11.8% |
West Haven | $285.1K | $314.8K | +10.4% |
Woodbridge | $600K | $658.5K | +9.8% |
Hamden | $295.2K | $310K | +5.0% |
Housing Supply in New Haven, CT
How many homes are available in New Haven, CT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
298 | 309 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 5 | -37.5% |
2 Bedrooms | 42 | 46 | +9.5% |
3 Bedrooms | 50 | 51 | +2.0% |
4 Bedrooms | 51 | 54 | +5.9% |
5+ Bedrooms | 147 | 153 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
45 | 41 | -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
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