$4,275 Closing Credit*
$360,000
2,475 SqFt
6 Beds
•3 Full Baths
Christine Bilbraut, Listing Office: Century 21 Classic Homes
Is New Britain, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$280,666
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,766(+11.9%)
Key Takeaway
Homes in New Britain have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in New Britain was $280,666 in October 2024, up 11.9% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100.8K | $105K | +4.2% |
| 2 Bedrooms | $175K | $220K | +25.7% |
| 3 Bedrooms | $250K | $275K | +10.0% |
| 4 Bedrooms | $260K | $290K | +11.5% |
| 5+ Bedrooms | $347.5K | $365K | +5.0% |
Summary: New Britain housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Farmington | $360K | $483.5K | +34.3% |
| Plainville | $260K | $310K | +19.2% |
| New Britain | $250.9K | $280.6K | +11.9% |
| Newington | $300K | $325K | +8.3% |
| Berlin | $367.5K | $382.5K | +4.1% |
Housing Supply in New Britain, CT
How many homes are available in New Britain, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 187 | 189 | +1.1% |
Summary: The New Britain real estate market had 189 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 7 | +250.0% |
| 2 Bedrooms | 21 | 22 | +4.8% |
| 3 Bedrooms | 63 | 61 | -3.2% |
| 4 Bedrooms | 43 | 47 | +9.3% |
| 5+ Bedrooms | 58 | 52 | -10.3% |
Summary: The New Britain housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 41 | -19.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Britain, you could pay more than the asking price. 56.1% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in New Britain in October 2024, down by 19.6% month-over-month. Of the 41 sold homes, 27% were sold under asking, 17% were sold at asking, and 56% 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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