Is New Haven, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Haven has remained a Seller's Market.
Key Takeaway
New Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Haven, NY
How much do homes in New Haven, NY cost?
Median Sold Price
$195,200
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Haven have sold for 31% more than they did a year ago.
Summary: The median home sold price in New Haven was $195,200 in May 2024, up 31% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $200.5K | +111.1% |
| 2 Bedrooms | $129K | $233.5K | +81.0% |
| 3 Bedrooms | $170K | $160K | -5.9% |
| 4 Bedrooms | $141K | $316K | +124.1% |
| 5+ Bedrooms | - | $230K | N/A |
Summary: New Haven housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.1%, 2 bedroom homes increased by 81%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 124.1%, and 5+ bedroom homes did not change.
Housing Supply in New Haven, NY
How many homes are available in New Haven, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The New Haven real estate market had 4 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Haven housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Haven, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in New Haven in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for New Haven, NY
How long does it take to sell a home in New Haven, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 94 Days | 30 Days | -67.6% |
Summary: Homes in New Haven had an average of 30 days on market in May 2024, down by 67.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Haven are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in New Haven; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
