Is Newington, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newington is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Newington has remained a Seller's Market.

Key Takeaway

Newington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Newington, CT

How much do homes in Newington, CT cost?

Median Sold Price

$311,666

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$36,166(+13.1%)

Key Takeaway

Homes in Newington have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Newington was $311,666 in February 2024, up 13.1% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $130K$160K
+23.1%
2 $210K$249.4K
+18.8%
3 $300K$325K
+8.3%
4 $365K$375K
+2.7%
5+ $382K$418.7K
+9.6%

Summary: Newington housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Cities

Newington
+13.1%
Berlin
+11.6%
New Britain
+10.4%
Wethersfield
+9.3%
Rocky Hill
+8.3%

Housing Supply in Newington, CT

How many homes are available in Newington, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7664-15.8%

Summary: The Newington real estate market had 64 homes for sale in February 2024, a 15.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 55
0.0%
2 2419
-20.8%
3 3528
-20.0%
4 109
-10.0%
5+ 23
+50.0%

Summary: The Newington housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20.8%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3120-35.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newington, you could pay more than the asking price. 65% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Newington in February 2024, down by 35.5% month-over-month. Of the 20 sold homes, 30% were sold under asking, 5% were sold at asking, and 65% were sold over asking.

Days on Market for Newington, 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 Newington, CT

Nearby Markets to Newington, CT

What housing markets are near Newington, CT?