Is Newhallville, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newhallville is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Newhallville has remained a Seller's Market.

Key Takeaway

Newhallville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Newhallville, CT

How much do homes in Newhallville, CT cost?

Median Sold Price

$345,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$62,500(+22.1%)

Key Takeaway

Homes in Newhallville have sold for 22.1% more than they did a year ago.

Summary: The median home sold price in Newhallville was $345,000 in November 2024, up 22.1% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $130K$230K
+76.9%
3 $240K$230K
-4.2%
4 $170K$350K
+105.9%
5+ $328.2K$380K
+15.8%

Summary: Newhallville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 76.9%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 105.9%, and 5+ bedroom homes increased by 15.8%.

Median Sold Price Compared To Nearby Neighborhoods

Newhallville
+22.1%
Beaver Hills
+10.5%
Prospect Hill
+8.3%

Housing Supply in Newhallville, CT

How many homes are available in Newhallville, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3633-8.3%

Summary: The Newhallville real estate market had 33 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 96
-33.3%
4 67
+16.7%
5+ 1918
-5.3%

Summary: The Newhallville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newhallville, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Newhallville in November 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.

Days on Market for Newhallville, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Newhallville, CT

Nearby Markets to Newhallville, CT