$3,561 Closing Credit*
$299,900
1,151 SqFt
3 Beds
•1 Full Bath
Jody Viola, Listing Office: The Joseph J. Gustin Company
Is Newington, 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, Newington has remained a Seller's Market.
Key Takeaway
Newington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newington, CT
How much do homes in Newington, CT cost?
Median Sold Price
$325,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+8.3%)
Key Takeaway
Homes in Newington have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Newington was $325,000 in October 2024, up 8.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | $160K | +9.6% |
| 2 Bedrooms | $238.7K | $260K | +8.9% |
| 3 Bedrooms | $312.5K | $350K | +12.0% |
| 4 Bedrooms | $370K | $412.5K | +11.5% |
| 5+ Bedrooms | $412.5K | $500K | +21.2% |
Summary: Newington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| New Britain | $250.9K | $280.6K | +11.9% |
| Rocky Hill | $317.5K | $350K | +10.2% |
| Newington | $300K | $325K | +8.3% |
| Wethersfield | $337.4K | $362.5K | +7.4% |
| Berlin | $367.5K | $382.5K | +4.1% |
Housing Supply in Newington, CT
How many homes are available in Newington, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 107 | 102 | -4.7% |
Summary: The Newington real estate market had 102 homes for sale in October 2024, a 4.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 7 | +250.0% |
| 2 Bedrooms | 33 | 27 | -18.2% |
| 3 Bedrooms | 50 | 53 | +6.0% |
| 4 Bedrooms | 21 | 13 | -38.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Newington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 38.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 35 | -22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newington, you could pay more than the asking price. 74.3% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Newington in October 2024, down by 22.2% month-over-month. Of the 35 sold homes, 23% were sold under asking, 3% were sold at asking, and 74% were sold over asking.
Days on Market for Newington, CT
We’re sorry, we don't have information for this market at the moment
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