$3,799 Closing Credit*
$319,900
1,896 SqFt
4 Beds
•2 Full Baths
Michael Truong, Listing Office: eXp Realty
Is New Britain, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, New Britain has remained a Seller's Market.
Key Takeaway
New Britain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Britain, CT
How much do homes in New Britain, CT cost?
Median Sold Price
$288,233
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,233(+13.0%)
Key Takeaway
Homes in New Britain have sold for 13% more than they did a year ago.
Summary: The median home sold price in New Britain was $288,233 in November 2024, up 13% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100.8K | $107K | +6.2% |
| 2 Bedrooms | $184.5K | $225K | +22.0% |
| 3 Bedrooms | $250K | $278.5K | +11.4% |
| 4 Bedrooms | $260K | $295K | +13.5% |
| 5+ Bedrooms | $350K | $375K | +7.1% |
Summary: New Britain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Farmington | $371K | $483.5K | +30.3% |
| Plainville | $265K | $320K | +20.8% |
| New Britain | $255K | $288.2K | +13.0% |
| Newington | $304.9K | $325.7K | +6.8% |
| Berlin | $369K | $390K | +5.7% |
Housing Supply in New Britain, CT
How many homes are available in New Britain, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 195 | 183 | -6.2% |
Summary: The New Britain real estate market had 183 homes for sale in November 2024, a 6.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 22 | 17 | -22.7% |
| 3 Bedrooms | 62 | 54 | -12.9% |
| 4 Bedrooms | 44 | 44 | 0.0% |
| 5+ Bedrooms | 60 | 61 | +1.7% |
Summary: The New Britain housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.7%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 1.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Britain, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.
Summary: A total of 56 homes were sold or pending in New Britain in November 2024, up by 16.7% month-over-month. Of the 56 sold homes, 23% were sold under asking, 7% were sold at asking, and 70% were sold over asking.
Days on Market for New Britain, CT
We’re sorry, we don't have information for this market at the moment
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