Is Newington, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Newington has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $160K | +23.1% |
2 Bedrooms | $210K | $249.4K | +18.8% |
3 Bedrooms | $300K | $325K | +8.3% |
4 Bedrooms | $365K | $375K | +2.7% |
5+ Bedrooms | $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 | $275.5K | $311.6K | +13.1% |
Berlin | $339K | $378.2K | +11.6% |
New Britain | $240K | $265K | +10.4% |
Wethersfield | $320K | $349.9K | +9.3% |
Rocky Hill | $300K | $325K | +8.3% |
Housing Supply in Newington, CT
How many homes are available in Newington, CT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
76 | 64 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 24 | 19 | -20.8% |
3 Bedrooms | 35 | 28 | -20.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 3 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
31 | 20 | -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
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