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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newtown is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Newtown, CT

How much do homes in Newtown, CT cost?

Median Sold Price

$590,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$65,000(+12.4%)

Key Takeaway

Homes in Newtown have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Newtown was $590,000 in February 2024, up 12.4% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$351.5K
N/A
2 $404K$305K
-24.5%
3 $439.9K$507.5K
+15.4%
4 $615K$705K
+14.6%
5+ $785K$1.1M
+46.5%

Summary: Newtown housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 46.5%.

Housing Supply in Newtown, CT

How many homes are available in Newtown, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5953-10.2%

Summary: The Newtown real estate market had 53 homes for sale in February 2024, a 10.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 21
-50.0%
2 21
-50.0%
3 1717
0.0%
4 2725
-7.4%
5+ 119
-18.2%

Summary: The Newtown housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
11110.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newtown, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Newtown in February 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.

Days on Market for Newtown, 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 27 Days Ago

Newest Listings in Newtown, CT

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