Is Newington, 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, Newington has remained a Seller's Market.
Key Takeaway
Newington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newington, CT
How much do homes in Newington, CT cost?
Median Sold Price
$319,166
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newington have sold for 16% more than they did a year ago.
Summary: The median home sold price in Newington was $319,166 in April 2024, up 16% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.5K | $160.3K | +22.8% |
| 2 Bedrooms | $216K | $250K | +15.7% |
| 3 Bedrooms | $300K | $332.9K | +11.0% |
| 4 Bedrooms | $363K | $380K | +4.7% |
| 5+ Bedrooms | $382K | $430K | +12.6% |
Summary: Newington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.8%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Newington | $275.2K | $319.1K | +16.0% |
| Rocky Hill | $303.2K | $342.5K | +12.9% |
| New Britain | $240K | $270K | +12.5% |
| Berlin | $342K | $380K | +11.1% |
| Wethersfield | $324.9K | $346.6K | +6.7% |
Housing Supply in Newington, CT
How many homes are available in Newington, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 78 | 89 | +14.1% |
Summary: The Newington real estate market had 89 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 25 | 33 | +32.0% |
| 3 Bedrooms | 38 | 43 | +13.2% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Newington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 13.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newington, you could pay more than the asking price. 93.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Newington in April 2024, up by 11.1% month-over-month. Of the 30 sold homes, 7% were sold under asking, 0% were sold at asking, and 93% were sold over asking.
Days on Market for Newington, CT
We’re sorry, we don't have information for this market at the moment
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