$8,313 Closing Credit*
$700,000
4,067 SqFt
4 Beds
•3 Full Baths, 1 Partial
Federico Martinez, Listing Office: Keller Williams Prestige Prop.
Is New Milford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, New Milford was a Seller's Market.
Key Takeaway
New Milford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Milford, CT
How much do homes in New Milford, CT cost?
Median Sold Price
$444,950
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,950(+8.5%)
Key Takeaway
Homes in New Milford have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in New Milford was $444,950 in October 2024, up 8.5% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.5K | $171K | +4.0% |
| 2 Bedrooms | $262K | $276.5K | +5.5% |
| 3 Bedrooms | $405K | $439.9K | +8.6% |
| 4 Bedrooms | $545K | $602.5K | +10.6% |
| 5+ Bedrooms | $625K | $535.7K | -14.3% |
Summary: New Milford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 14.3%.
Housing Supply in New Milford, CT
How many homes are available in New Milford, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 126 | +13.5% |
Summary: The New Milford real estate market had 126 homes for sale in October 2024, a 13.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 21 | 26 | +23.8% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 30 | 35 | +16.7% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The New Milford 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 23.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Milford, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in New Milford in October 2024, down by 20.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 25% were sold at asking, and 56% 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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