Connecticut Real Estate Market May 2022: Forecasts + Trends

Connecticut real estate trends (May 2022)

How is the real estate market in Connecticut?
🏠 Average home value: $358,906	📈 0.61% home value increase month over month
💰 Median sale price: $364,700	⏳ 43 days on the market
🔑 Homes on the market: 3,324	📆 0.8 months of housing inventory
🏦 30-year mortgage rate: 5.48000%	💵 Average income: #N/A
State of the market: B-
The market in Connecticut continues to maintain its momentum — inventory is low and homes continue to sell quickly, but the home values are leveling off and may cool the market.
_{Data last updated May 2022}*

With rolling Appalachian mountains in the west and a rocky shoreline along the Long Island Sound, Connecticut's landscape has shaped its unique New England charm.

Residents enjoy spectacularly colorful foliage every autumn and rich local lore dating back to the Revolutionary War. Plus, the state's proximity to New York City makes it a popular choice for thousands of daily commuters.

Beyond its popularity with professionals, Connecticut's walkable communities and excellent public schools make it a great choice for families.

If you're thinking of buying or selling in Connecticut, these Connecticut housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1.5% or $3K in listing fees. Eligible buyers get cash back after closing. Find out how much you can save with Clever today!

Selling a home in Connecticut

Connecticut real estate market forecast for sellers
⏰ Homes are selling 14 days slower than the annual average	💰 Homes are selling for $71,946 more than the annual average
💸 Average listing commission: 2.66%	💸 Average buyer's commission: 2.46%

How to sell a home in Connecticut

Cost to sell a home in Connecticut

Buying a home in Connecticut

How much home you can buy with $300,000 in...
🏠 Hartford: 1,422 sq ft
🏡 New Haven: 1,376 sq ft

Investing in Connecticut real estate

Best of Connecticut

💡 Did you know…

Hartford far exceeds the national average of 13 coffee shops per capita. This smaller city is home to about 21 cafes per capita, which falls just below San Francisco's ratio of 23.

» Thirsty for more info? ☕ Read our full study here: The Best Coffee Cities in America

Each month, we compare locations in Connecticut based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Connecticut
1. Middlesex County
2. Tolland County
3. Fairfield County
4. Litchfield County

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Worst of Connecticut

Each month, we compare locations in Connecticut based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Connecticut
1. Windham County
2. New London County
3. New Haven County
4. Hartford County

Connecticut resources

Frequently asked questions about Connecticut real estate

Currently, it is a seller’s market in Connecticut. Although the sale prices are starting to decrease, high demand doesn’t leave properties sitting on the market for long. While this is the general situation across the state, each city and town is different — which is why it’s important to consult with a top, local real estate agent to determine the actual trends in your area.

Yes, Connecticut is a good state to invest real estate in. Bigger cities like Bridgeport and New Haven are prime areas, as people are always looking for housing in these cities. However, to maximize your investment, you must first understand your financing options and learn where the best neighborhoods in the state are. Learn more about it in our guide to real estate investing.

It could be a /real-estate-blog/the-best-time-to-buy-a-house-in-connecticut/. Even though listing prices are higher than average, the final sales prices tend to match or go under the estimated value of a property — meaning that there’s a lot of room to negotiate a good deal. On top of that, mortgage rates in the state are quite low. With the help of the right real estate agent, you could get a great deal on the perfect home.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

Connecticut Real Estate Market in 2022: Forecasts + Trends