CT · Metro #68

New Haven - CT housing market

The New Haven metro has a typical home value of $408,096, up 4.8% from a year ago. Homes are moving fast at 8 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$408,096
+4.8% vs. year ago
Median sale price
$367,062
+2.9% YoY
Median list price
$396,650
Sale-to-list ratio
100.8%
Selling above ask
Days on market
8d
Listings w/ price cut
15.8%
New listings / mo
884
+6.2% YoY
Homes for sale
1,668
+7.1% YoY
Typical rent
$2,186/mo
+1.9% YoY
Context

How to read this data

The typical home value ($408,096) 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 4.8% over the past year. In New Haven - CT, that means a home worth $389,405 last year is now worth roughly $408,096.

The median sale price , what homes actually close for , is $367,062. Homes are selling at 100.8% of list price, meaning buyers are typically paying at or above asking.

Homes listed in New Haven - CT sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.

About 15.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 884 new listings hit the market each month in New Haven - CT. There are currently 1,668 homes for sale, up 7.1% from a year ago.

The typical monthly rent in New Haven - CT is $2,186, up 1.9% 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$400,167 +5.2% 6.0d
Bridgeport - CT$689,914 +5.5% 10.0d
Norwich - CT$426,279 +6.4% 7.0d
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