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 November 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

$334,950

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,477(+9.6%)

Key Takeaway

Homes in Hamden have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Hamden was $334,950 in November 2024, up 9.6% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150K$154.2K
+2.8%
2 $222.7K$250K
+12.3%
3 $315K$339.1K
+7.7%
4 $365K$400K
+9.6%
5+ $420K$492.5K
+17.3%

Summary: Hamden housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Cities

North Haven
+11.6%
New Haven
+10.2%
Hamden
+9.6%
Bethany
0.0%
Woodbridge
-0.5%

Housing Supply in Hamden, CT

How many homes are available in Hamden, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
207180-13.0%

Summary: The Hamden real estate market had 180 homes for sale in November 2024, a 13.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 3128
-9.7%
3 10583
-21.0%
4 4745
-4.3%
5+ 2221
-4.5%

Summary: The Hamden housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 21%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 4.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5251-1.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

30 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. 58.8% of homes here sold above asking price last month.

Summary: A total of 51 homes were sold or pending in Hamden in November 2024, down by 1.9% month-over-month. Of the 51 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% 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 22 Days Ago

Newest Listings in Hamden, CT

Nearby Markets to Hamden, CT

What housing markets are near Hamden, CT?