$3,088 Closing Credit*
$260,000
1,098 SqFt
3 Beds
•1 Full Bath
Jennifer Bruno, Listing Office: BHHS Realty Professionals
Is New Haven County, 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 County has remained a Seller's Market.
Key Takeaway
New Haven County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Haven County, CT
How much do homes in New Haven County, CT cost?
Median Sold Price
$358,350
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,762(+12.1%)
Key Takeaway
Homes in New Haven County have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in New Haven County was $358,350 in October 2024, up 12.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $200K | +14.3% |
| 2 Bedrooms | $240K | $270K | +12.5% |
| 3 Bedrooms | $326.5K | $365K | +11.8% |
| 4 Bedrooms | $423.2K | $465K | +9.9% |
| 5+ Bedrooms | $395.4K | $425K | +7.5% |
Summary: New Haven County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Counties
| Hartford County | $311.5K | $349.9K | +12.3% |
| New Haven County | $319.5K | $358.3K | +12.1% |
| Middlesex County | $351.2K | $389.7K | +11.0% |
| Litchfield County | $324.7K | $356.7K | +9.9% |
| Fairfield County | $552.1K | $600.8K | +8.8% |
Housing Supply in New Haven County, CT
How many homes are available in New Haven County, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,972 | 3,032 | +2.0% |
Summary: The New Haven County real estate market had 3,032 homes for sale in October 2024, a 2.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 105 | 113 | +7.6% |
| 2 Bedrooms | 654 | 661 | +1.1% |
| 3 Bedrooms | 1,148 | 1,193 | +3.9% |
| 4 Bedrooms | 633 | 634 | 0.2% |
| 5+ Bedrooms | 432 | 431 | -0.2% |
Summary: The New Haven County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 0.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 680 | 707 | +4.0% |
Asking Price vs. Sold Price
259 Homes Were Sold
Under Asking
108 Homes Were Sold
At Asking
340 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Haven County, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 707 homes were sold or pending in New Haven County in October 2024, up by 4.0% month-over-month. Of the 707 sold homes, 37% were sold under asking, 15% were sold at asking, and 48% were sold over asking.
Days on Market for New Haven County, CT
How long does it take to sell a home in New Haven County, CT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | 0.0% |
Summary: Homes in New Haven County had an average of 35 days on market in Oct 2024, the same as last year.
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 County has remained consistent over time.
Summary: During October 2024, 707 homes were sold in New Haven County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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