Is New Haven, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New Haven was a Seller's Market.
Key Takeaway
New Haven is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in New Haven, CT
How much do homes in New Haven, CT cost?
Median Sold Price
$320,666
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Haven have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in New Haven was $320,666 in April 2024, up 14.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181.7K | $170K | -6.5% |
| 2 Bedrooms | $200K | $235K | +17.5% |
| 3 Bedrooms | $274K | $310K | +13.1% |
| 4 Bedrooms | $294K | $320K | +8.8% |
| 5+ Bedrooms | $379K | $400K | +5.5% |
Summary: New Haven housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| New Haven | $280K | $320.6K | +14.5% |
| West Haven | $289.9K | $320K | +10.4% |
| Woodbridge | $595K | $654.2K | +10.0% |
| East Haven | $292.4K | $319.3K | +9.2% |
| Hamden | $299.7K | $315K | +5.1% |
Housing Supply in New Haven, CT
How many homes are available in New Haven, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 326 | 348 | +6.7% |
Summary: The New Haven real estate market had 348 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 50 | 58 | +16.0% |
| 3 Bedrooms | 70 | 82 | +17.1% |
| 4 Bedrooms | 56 | 63 | +12.5% |
| 5+ Bedrooms | 144 | 138 | -4.2% |
Summary: The New Haven housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 51 | +30.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Haven, you could pay more than the asking price. 56.9% of homes here sold above asking price last month.
Summary: A total of 51 homes were sold or pending in New Haven in April 2024, up by 30.8% month-over-month. Of the 51 sold homes, 27% were sold under asking, 16% were sold at asking, and 57% were sold over asking.
Days on Market for New Haven, CT
We’re sorry, we don't have information for this market at the moment
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