$10,000 Closing Credit*
$935,000
4,796 SqFt
6 Beds
•3 Full Baths
Jack Gregory, Listing Office: Sette Real Estate LLC
Is New Haven, 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 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, CT
How much do homes in New Haven, CT cost?
Median Sold Price
$336,793
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,660(+12.2%)
Key Takeaway
Homes in New Haven have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in New Haven was $336,793 in October 2024, up 12.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $200K | +17.6% |
| 2 Bedrooms | $220K | $250K | +13.6% |
| 3 Bedrooms | $285K | $313.5K | +10.0% |
| 4 Bedrooms | $310K | $352.5K | +13.7% |
| 5+ Bedrooms | $390.5K | $400K | +2.4% |
Summary: New Haven housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| West Haven | $295K | $350K | +18.6% |
| New Haven | $300.1K | $336.7K | +12.2% |
| Hamden | $303.9K | $330K | +8.6% |
| East Haven | $304.5K | $329.9K | +8.4% |
| Woodbridge | $630K | $619.2K | -1.7% |
Housing Supply in New Haven, CT
How many homes are available in New Haven, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 309 | 327 | +5.8% |
Summary: The New Haven real estate market had 327 homes for sale in October 2024, a 5.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 57 | 69 | +21.1% |
| 3 Bedrooms | 60 | 68 | +13.3% |
| 4 Bedrooms | 57 | 53 | -7.0% |
| 5+ Bedrooms | 127 | 129 | +1.6% |
Summary: The New Haven housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 1.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 67 | +34.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Haven, you could pay more than the asking price. 53.7% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in New Haven in October 2024, up by 34.0% month-over-month. Of the 67 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for New Haven, CT
How long does it take to sell a home in New Haven, CT?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Haven has remained consistent over time.
Summary: During October 2024, 67 homes were sold in New Haven; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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