Is New Milford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Milford has remained a Seller's Market.
Key Takeaway
New Milford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Milford, CT
How much do homes in New Milford, CT cost?
Median Sold Price
$427,937
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Milford have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in New Milford was $427,937 in April 2024, up 9.7% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.2K | $164.5K | +4.6% |
| 2 Bedrooms | $259K | $268K | +3.5% |
| 3 Bedrooms | $390K | $417K | +6.9% |
| 4 Bedrooms | $492.5K | $560K | +13.7% |
| 5+ Bedrooms | $505K | $705K | +39.6% |
Summary: New Milford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 39.6%.
Median Sold Price Compared To Nearby Cities
| Sherman | $590K | $675K | +14.4% |
| Bridgewater | $616.4K | $691.5K | +12.2% |
| New Milford | $390K | $427.9K | +9.7% |
Housing Supply in New Milford, CT
How many homes are available in New Milford, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 104 | 91 | -12.5% |
Summary: The New Milford real estate market had 91 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 38 | 35 | -7.9% |
| 4 Bedrooms | 31 | 26 | -16.1% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The New Milford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 22 | -24.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Milford, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in New Milford in April 2024, down by 24.1% month-over-month. Of the 22 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market for New Milford, CT
We’re sorry, we don't have information for this market at the moment
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