New Haven CT Real Estate - New Haven CT Homes For Sale | Zillow (2024)

FAQs

Are CT home prices dropping? ›

In June 2024, 66.8% of homes in Connecticut sold above list price, down 0.36 points year. There were only 18.7% of homes that had price drops, up from 13.0% of homes in June last year. There was a 104.3% sale-to-list price, down 0.097 points year over year. …

“New Haven's housing crisis is severe and New Haven's housing crisis is wide ranging,” said Karen Dubois-Walton, president of Elm City Communities, New Haven's housing authority. “We heard very clearly the pain it causes is immediate and dire and it requires urgency of action.”

June, July, and August are the best months to sell your house in Connecticut.

Neighborhoods like West Hills, West Rock, East Rock, and Fair Haven East are among the safest in the area. The area around Forest Road and Fountain Street is rated the safest section of town.

Connecticut real estate markets continue to be slanted in favor of sellers, including in the Hartford area, which ranks as the 16th toughest market for buyers nationally, according to the latest installment of a Zillow "market heat" index.

Yes. This is the best time to buy a house in California. With the current trend in the CA housing market, you'll find better deals on your dream home during Q2 2024. As per Fannie Mae, mortgage rates may drop more in Q2 of 2024 due to economic changes, inflation, and central bank policy adjustments.

Population trends

Among New Haven residents, there is a homeowner vacancy rate of 2.9% and a rental vacancy rate of 7.0% from a total of 56,423 units.

As our city grows many of us—working people, poor people, Black and Brown people—rightfully worry that there will be no place for us in New Haven. Gentrification, rising rents, and mega-landlords are pushing families out of their homes and neighborhoods.

New Haven, ConnecticutCrime Rate & Safety

The metropolitan area's violent crime rate was higher than the national rate in 2022. Its rate of property crime was higher than the national rate.

For the remainder of 2024, buyers can expect to see Connecticut's median sale price increasing, since the state has a limited inventory of properties in the market. Additionally, with both new and sold listings down 26% year-to-date, the list-to-selling ratio is at a staggering 104%, repelling many prospective buyers.

What are the slowest months to sell a house? ›

In a recent note, Chief US Economist Michael Gapen and his team revealed that they expect home prices to rise by 4.5% this year and 5% in 2025. Gapen doesn't foresee the market cooling down until 2026 at the earliest. With this in mind, current homeowners can sell for even higher prices down the road.

New Haven't isn't an overtly dangerous city, but some of the rougher sides can present itself in these neighborhoods. Fair Haven, Newhallville and Hill neighborhoods are locations you should skip at night, while parts of Whalley Avenue heading into these neighborhoods does become a bit sketchy as well.

The 5 largest ethnic groups in New Haven, CT are White (Non-Hispanic) (32.2%), Black or African American (Non-Hispanic) (28%), Other (Hispanic) (12.8%), White (Hispanic) (9.7%), and Two+ (Hispanic) (5.99%).

Hartford and New Haven are ranked toward the top of U.S. News & World Report's 2021-2022 list of the best places to retire. Hartford was ranked as the 36th best place to retire while New Haven ranked as 60th best place on the list of 150 metropolitan areas.

“Over the last six consecutive quarters, the low inventory of homes for sale continued to contribute to house price appreciation despite mortgage rates that hovered around 7%.” Connecticut real estate agents said they expect high prices and low inventory for the foreseeable future.

There are currently 10,733 homes for sale in Connecticut. The median list price in Connecticut is $469,000 and the average price per square foot is $239.

Most listings hit the market in a short window between the months of April and June. If you're planning to buy in a market with harsh winter weather, May and June typically have twice as many active listings as December or January. However, in temperate markets this springtime pattern is far less noticeable.

The cost of living in Connecticut is 13% higher than the national average. Housing is 24% higher than the national average, while utilities are 30% higher. When it comes to basic necessities such as food and clothing, groceries are around 9% higher than in the rest of the country, while clothing costs 9% higher.