CT · Metro #68

New Haven - CT housing market

The New Haven metro has a typical home value of $402,814, up 4.7% from a year ago. Homes are moving fast at 10 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$402,814
+4.7% vs. year ago
Median sale price
$370,726
+6.0% YoY
Median list price
$385,566
Sale-to-list ratio
100.3%
Selling above ask
Days on market
10d
Listings w/ price cut
14.5%
New listings / mo
694
+2.8% YoY
Homes for sale
1,442
+7.1% YoY
Typical rent
$2,129/mo
+1.8% YoY
Context

How to read this data

The typical home value ($402,814) is the Zillow Home Value Index for the New Haven - CT metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 4.7% over the past year. In New Haven - CT, that means a home worth $384,732 last year is now worth roughly $402,814.

The median sale price , what homes actually close for , is $370,726. Homes are selling at 100.3% of list price, meaning buyers are typically paying at or above asking.

Homes listed in New Haven - CT sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.

About 14.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 694 new listings hit the market each month in New Haven - CT. There are currently 1,442 homes for sale, up 7.1% from a year ago.

The typical monthly rent in New Haven - CT is $2,129, up 1.8% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Covered Home Repairs
Related

Other metros in CT

MetroHome value1-yr changeDays on market
Hartford - CT$394,221 +5.1% 7.0d
Bridgeport - CT$681,578 +5.4% 10.0d
Norwich - CT$418,336 +6.1% 9.0d
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