The Connecticut Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Connecticut

💡 Key Connecticut housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $407,223[1]#17 of 50 states10.3% higher
Median Listing Price $577,450[2]#13 of 50 states25.8% higher
Median Sale Price $491,100[3]#15 of 50 states14% higher
30 Year Mortgage Rate 6.84%[4]#3 of 50 states1.9% lower
Median Days on Market 22[5]#2 of 50 states46.7% shorter
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🗺️ Buying a house in the Connecticut real estate market

Connecticut has an affordability score of 6.1, meaning it takes 6.1 years of the median household income ($79,855) to afford Connecticut's median home sale price ($491,100). Because of this, we rank Connecticut as the 24th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $491,100[6]#15 of 50 states14% higher
30 Year Mortgage Rate 6.84%[7]#3 of 50 states1.9% lower
Median Household Income $79,855[8]#5 of 50 states23.8% higher
Affordability Ratio 6.1#24 of 50 states6.7% lower
Buyers Agent Commission 2.50%[9]#11 of 50 states6.5% lower
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Resources for Connecticut home buyers

🗺️ Selling a house in the Connecticut real estate market

According to our detailed survey of Connecticut real estate agents, listing agents (those representing the seller) charge an average commission in Connecticut of 2.97%, which is the 16th highest in the United States. Buyers' agents charge an average commission of 2.5%, which is the 11th lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $577,450[10]#13 of 50 states25.8% higher
Median Sale Price $491,100[11]#15 of 50 states14% higher
Median Days on Market 22[12]#2 of 50 states46.7% shorter
Buyer's Agent Commission 2.50%[13]#11 of 50 states6.5% lower
Listing Agent Commission 2.97%[14]#35 of 50 states3.9% higher
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Resources for Connecticut home sellers

Moving to Connecticut

According to our recent moving trends survey[15], 7% of Americans indicated that they would choose to move to Connecticut if money were no object. Likewise, 5% of survey respondents indicated that they would move to Hartford among a choice of America's largest cities. Among medium-sized cities, 9% indicated that they would move to New Haven, and 8% indicated that they would move to Bridgeport.

Here's how Connecticut cities rank in a number of our research studies.

StudyBest Connecticut cityRank
Best Pizza Cities[16]Hartford7th best
Best Coffee Cities[17]Hartford7th best
Best LGBTQ Cities[18]Hartford2nd best
Best Bike Cities[19]Hartford11th best
Best Commuter Cities[20]Hartford4th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated May 31, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[3] Redfin – "Redfin Data Center". Updated May 2024.
[4] Bankrate – "Bankrate". Updated July 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[6] Redfin – "Redfin Data Center". Updated May 2024.
[7] Bankrate – "Bankrate". Updated July 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[11] Redfin – "Redfin Data Center". Updated May 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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