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 March 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

$320,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$32,750(+11.4%)

Key Takeaway

Homes in West Haven have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in West Haven was $320,000 in March 2024, up 11.4% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $144.2K$165K
+14.4%
2 $215K$260K
+20.9%
3 $299.9K$320K
+6.7%
4 $320K$353.5K
+10.5%
5+ $385K$425K
+10.4%

Summary: West Haven housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Cities

Woodmont
+33.7%
New Haven
+14.4%
West Haven
+11.4%
Orange
+7.5%
Milford
+7.2%

Housing Supply in West Haven, CT

How many homes are available in West Haven, CT?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
108124+14.8%

Summary: The West Haven real estate market had 124 homes for sale in March 2024, a 14.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 16
+500.0%
2 1517
+13.3%
3 5259
+13.5%
4 1719
+11.8%
5+ 2323
0.0%

Summary: The West Haven housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2235+59.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

21 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. 60% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in West Haven in March 2024, up by 59.1% month-over-month. Of the 35 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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 24 Days Ago

Newest Listings in West Haven, CT

Nearby Markets to West Haven, CT

What housing markets are near West Haven, CT?