Is West Haven, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Haven has remained a Seller's Market.
Key Takeaway
West Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Haven, CT
How much do homes in West Haven, CT cost?
Median Sold Price
$325,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Haven have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in West Haven was $325,000 in May 2024, up 12.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $166.9K | +11.3% |
| 2 Bedrooms | $228K | $260K | +14.0% |
| 3 Bedrooms | $300K | $326.5K | +8.8% |
| 4 Bedrooms | $322K | $363K | +12.7% |
| 5+ Bedrooms | $376K | $435K | +15.7% |
Summary: West Haven housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 15.7%.
Housing Supply in West Haven, CT
How many homes are available in West Haven, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 126 | 144 | +14.3% |
Summary: The West Haven real estate market had 144 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 23 | 27 | +17.4% |
| 3 Bedrooms | 56 | 73 | +30.4% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The West Haven housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 30.4%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 41 | +36.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Haven, you could pay more than the asking price. 68.3% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in West Haven in May 2024, up by 36.7% month-over-month. Of the 41 sold homes, 24% were sold under asking, 7% were sold at asking, and 68% were sold over asking.
Days on Market for West Haven, CT
We’re sorry, we don't have information for this market at the moment
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