Is West Haven, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Haven is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in West Haven, CT

How much do homes in West Haven, CT cost?

Median Sold Price

$340,500

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$50,291(+17.3%)

Key Takeaway

Homes in West Haven have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in West Haven was $340,500 in September 2024, up 17.3% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $156K$180K
+15.4%
2 $235K$260K
+10.6%
3 $300K$350K
+16.7%
4 $321K$385K
+19.9%
5+ $394.5K$450K
+14.1%

Summary: West Haven housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 14.1%.

Median Sold Price Compared To Nearby Cities

West Haven
+17.3%
New Haven
+11.8%
Orange
+7.9%
Milford
+7.6%

Housing Supply in West Haven, CT

How many homes are available in West Haven, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
160159-0.6%

Summary: The West Haven real estate market had 159 homes for sale in September 2024, a 0.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1111
0.0%
2 2225
+13.6%
3 7971
-10.1%
4 2829
+3.6%
5+ 2023
+15.0%

Summary: The West Haven housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 15%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3345+36.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Haven, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 45 homes were sold or pending in West Haven in September 2024, up by 36.4% month-over-month. Of the 45 sold homes, 31% were sold under asking, 16% were sold at asking, and 53% were sold over asking.

Days on Market for West Haven, 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 Sep 1, 2024

Newest Listings in West Haven, CT

Nearby Markets to West Haven, CT

What housing markets are near West Haven, CT?