Q3-2024
TABLE OF CONTENTS
THIRD QUARTER 2024
NEW HAVEN COUNTY
Single Family Home Overview
ANSONIA BEACON FALLS BETHANY BRANFORD
CHESHIRE DERBY EAST HAVEN GUILFORD
HAMDEN MADISON MERIDEN MIDDLEBURY MILFORD NAUGATUCK NEW HAVEN NORTH BRANFORD
TABLE OF CONTENTS
THIRD QUARTER 2024
MIDDLESEX COUNTY
Single Family Homes Overview
CHESTER CLINTON CROMWELL
DEEP RIVER DURHAM EAST HADDAM
EAST HAMPTON ESSEX HADDAM
KILLINGWORTH MIDDLEFIELD MIDDLETOWN
OLD SAYBROOK PORTLAND WESTBROOK
MARKET REPORT
EXECUTIVE SUMMARY
In the third quarter of 2024, the real estate market north of New York City experienced its first notable shift in more than three years. After an extended period of dwindling inventory due to high demand, we are now observing an increase in available listings across most of our markets, offering much-needed relief to buyers.
New Haven County has seen a significant uptick in inventory, with listings increasing by an average of 9% year-over-year. Some areas have experienced inventory rises as high as 52%, as seen in the town of Woodbridge. Despite this influx, the median sale price in New Haven has continued to rise, increasing 11% to $387,500. In Middlesex County, inventory has increased by 2% year-over-year. Although there was a decrease in homes sold, the market saw a 10% rise in the median sale price, now at $440,000. This demonstrates that demand remains strong even as more options become available.
These developments, coupled with indications from the Federal Reserve regarding potential rate cuts, may encourage sellers hesitant to enter the market to reconsider. The opportunity to capitalize on increased inventory and sustained buyer demand could prompt more movement among homeowners, particularly those looking to trade up or down.
Overall, the trends observed in the third quarter of 2024 suggest meaningful changes in the market, marking a shift in a landscape that has remained relatively flat for years. As we move forward, the sustained resilience of the buyer pool, coupled with increasing inventory levels, points towards a dynamic and evolving market environment.
With Warm Regards
Liz Nunan President and CEO
BRANFORD
THIRD QUARTER 2024 QUARTERLY MARKET OVERVIEW
MARKET HISTORY
Source : Smart MLS, Single Family For Sale
MILFORD
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
NEW HAVEN
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
PENDING
WOODBRIDGE
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
TEN-YEAR MARKET HISTORY
PENDING
ANSONIA
QUARTERLY MARKET OVERVIEW
BEACON FALLS
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023
0.0%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 -16.7%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -29.4%
BETHANY
QUARTERLY MARKET OVERVIEW
CHESHIRE
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023
4.2%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 -14.3% SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -6.0%
EAST HAVEN
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 15.4%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 0.0% SOLD LISTINGS
Q3- 2024 vs Q3- 2023 16.0%
GUILFORD
QUARTERLY MARKET OVERVIEW
HAMDEN
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 0.0%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 3.2% SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -2.8%
MADISON
QUARTERLY MARKET OVERVIEW
MERIDEN
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 0.0%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 69.6%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023
3.3%
MIDDLEBURY
QUARTERLY MARKET OVERVIEW
NAUGATUCK
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023
38.6%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 -20.8% SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -2.5%
NORTH BRANFORD
NORTH HAVEN
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 -28.6%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 -25.0% SOLD LISTINGS
Q3- 2024 vs Q3- 2023 11.3%
OXFORD
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023
-10.7%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023
150.0% SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -20.0%
PROSPECT
QUARTERLY MARKET OVERVIEW
SEYMOUR
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 -9.7%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023
66.7%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023
3.4%
SOUTHBURY
QUARTERLY MARKET OVERVIEW
2024 vs Q3- 2023
WALLINGFORD
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 10.5%
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 29.4%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023 2.3%
WATERBURY
WEST HAVEN
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 24.1%
Source : Smart MLS, Single Family For Sale
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 10.7%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -7.1%
WOLCOTT
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 12.1%
Source : Smart MLS, Single Family For Sale
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 -28.6% SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -24.6%
OLD SAYBROOK
THIRD QUARTER 2024
QUARTERLY MARKET OVERVIEW
MARKET HISTORY
CHESTER
QUARTERLY MARKET OVERVIEW
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 -14.3%
CLINTON
QUARTERLY MARKET OVERVIEW
PENDING LISTINGS
Q3- 2024 vs Q3- 2023
83.3%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -2.3%
CROMWELL
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023
100.0%
QUARTERLY MARKET OVERVIEW
DEEP RIVER
QUARTERLY MARKET OVERVIEW
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 0.0% SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -20.0%
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023
100.0%
EAST HADDAM
QUARTERLY MARKET OVERVIEW
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 -28.6%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023
27.3%
EAST HAMPTON
QUARTERLY MARKET OVERVIEW
ESSEX
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 11.1%
QUARTERLY MARKET OVERVIEW
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 50.0%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023 25.0%
HADDAM
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023
75.0%
QUARTERLY MARKET OVERVIEW
KILLINGWORTH
QUARTERLY MARKET OVERVIEW
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 -33.3%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -23.5%
MIDDLEFIELD
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023
25.5%
QUARTERLY MARKET OVERVIEW
MIDDLETOWN
QUARTERLY MARKET OVERVIEW
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 -33.3% SOLD LISTINGS
Q3- 2024 vs Q3- 2023 -5.9%
PORTLAND
QUARTERLY MARKET OVERVIEW
WESTBROOK
ACTIVE LISTINGS
Q3- 2024 vs Q3- 2023 0.0%
QUARTERLY MARKET OVERVIEW
PENDING LISTINGS
Q3- 2024 vs Q3- 2023 -33.3%
SOLD LISTINGS
Q3- 2024 vs Q3- 2023 0.0%
