$7,113 Closing Credit*
$599,000
3,600 SqFt
3 Beds
•3 Full Baths, 1 Partial
Chelsea Stinson, Listing Office: Coldwell Banker Realty
Is New Milford, 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 Milford has remained a Seller's Market.
Key Takeaway
New Milford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Milford, CT
How much do homes in New Milford, CT cost?
Median Sold Price
$437,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+6.7%)
Key Takeaway
Homes in New Milford have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in New Milford was $437,500 in November 2024, up 6.7% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.5K | $171K | +4.0% |
| 2 Bedrooms | $265.5K | $277.4K | +4.5% |
| 3 Bedrooms | $406K | $430K | +5.9% |
| 4 Bedrooms | $527.5K | $617.5K | +17.1% |
| 5+ Bedrooms | $625K | $571.5K | -8.6% |
Summary: New Milford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in New Milford, CT
How many homes are available in New Milford, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 127 | 117 | -7.9% |
Summary: The New Milford real estate market had 117 homes for sale in November 2024, a 7.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 46 | 44 | -4.3% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The New Milford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 32 | +68.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Milford, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in New Milford in November 2024, up by 68.4% month-over-month. Of the 32 sold homes, 41% were sold under asking, 19% were sold at asking, and 41% were sold over asking.
Days on Market for New Milford, CT
We’re sorry, we don't have information for this market at the moment
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