I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Connecticut
💡 Key Connecticut housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $410,357[1] | #17 of 50 states | 11.4% higher |
Median Listing Price | $525,000[2] | #14 of 50 states | 17.5% higher |
Median Sale Price | $509,100[3] | #14 of 50 states | 20.5% higher |
30 Year Mortgage Rate | 6.84%[4] | #3 of 50 states | 1.9% lower |
Median Days on Market | 39[5] | #6 of 50 states | 23.6% shorter |
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🗺️ Buying a house in the Connecticut real estate market
Connecticut has an affordability score of 6.4, meaning it takes 6.4 years of the median household income ($79,855) to afford Connecticut's median home sale price ($509,100). Because of this, we rank Connecticut as the 24th least affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $509,100[6] | #14 of 50 states | 20.5% higher |
30 Year Mortgage Rate | 6.84%[7] | #3 of 50 states | 1.9% lower |
Median Household Income | $79,855[8] | #5 of 50 states | 23.8% higher |
Affordability Ratio | 6.4 | #27 of 50 states | 1.1% lower |
Buyers Agent Commission | 2.57%[9] | #25 of 50 states | 1.3% higher |
Resources for Connecticut home buyers
Preparing to buy in Connecticut
🗺️ 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 2.68%, which is the 17th lowest in the United States. Buyers' agents charge an average commission of 2.57%, which is the 25th lowest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $525,000[10] | #14 of 50 states | 17.5% higher |
Median Sale Price | $509,100[11] | #14 of 50 states | 20.5% higher |
Median Days on Market | 39[12] | #6 of 50 states | 23.6% shorter |
Buyer's Agent Commission | 2.57%[13] | #25 of 50 states | 1.3% higher |
Listing Agent Commission | 2.68%[14] | #17 of 50 states | 1.6% lower |
Resources for Connecticut home sellers
Preparing to sell in Connecticut
- 8 Steps to Selling a House in Connecticut
- Average Time to Sell a House in Connecticut
- When Is the Best Time to Sell a House in Connecticut?
- Top Real Estate Agents in Connecticut
Connecticut home selling costs and requirements
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.
Study | Best Connecticut city | Rank |
Best Pizza Cities[16] | Hartford | 7th best |
Best Coffee Cities[17] | Hartford | 7th best |
Best LGBTQ Cities[18] | Hartford | 2nd best |
Best Bike Cities[19] | Hartford | 11th best |
Best Commuter Cities[20] | Hartford | 4th best |