Is Hamden, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamden is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Hamden has remained a Seller's Market.

Key Takeaway

Hamden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hamden, CT

How much do homes in Hamden, CT cost?

Median Sold Price

$330,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,011(+8.6%)

Key Takeaway

Homes in Hamden have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Hamden was $330,000 in October 2024, up 8.6% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$153.5K
+2.3%
2 $220K$245K
+11.4%
3 $310K$339K
+9.4%
4 $357.5K$400K
+11.9%
5+ $422.5K$469K
+11.0%

Summary: Hamden housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Cities

New Haven
+12.2%
North Haven
+11.5%
Hamden
+8.6%
Woodbridge
-1.7%
Bethany
-3.1%

Housing Supply in Hamden, CT

How many homes are available in Hamden, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
203209+3.0%

Summary: The Hamden real estate market had 209 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 3830
-21.1%
3 92106
+15.2%
4 4950
+2.0%
5+ 2121
0.0%

Summary: The Hamden housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4546+2.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamden, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Hamden in October 2024, up by 2.2% month-over-month. Of the 46 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.

Days on Market for Hamden, 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 20 Days Ago

Newest Listings in Hamden, CT

Nearby Markets to Hamden, CT

What housing markets are near Hamden, CT?