Is Newington, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$315,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newington have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Newington was $315,000 in March 2024, up 14.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.5K | $155.6K | +19.2% |
| 2 Bedrooms | $215K | $245K | +14.0% |
| 3 Bedrooms | $300K | $328.4K | +9.5% |
| 4 Bedrooms | $365K | $378.7K | +3.8% |
| 5+ Bedrooms | $382K | $427.5K | +11.9% |
Summary: Newington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Newington | $275K | $315K | +14.5% |
| New Britain | $240K | $270K | +12.5% |
| Berlin | $340K | $380K | +11.8% |
| Rocky Hill | $304.6K | $335K | +10.0% |
| Wethersfield | $323.4K | $347K | +7.3% |
Housing Supply in Newington, CT
How many homes are available in Newington, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 72 | +2.9% |
Summary: The Newington real estate market had 72 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Newington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newington, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Newington in March 2024, up by 4.0% month-over-month. Of the 26 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Newington, CT
We’re sorry, we don't have information for this market at the moment
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