Real estate trends in Connecticut | Sellers | Buyers | Investors | The best and worst of Connecticut | Connecticut resources
Connecticut real estate trends (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.
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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
- The Best Low Commission Real Estate Brokers
- Top Real Estate Agents in Connecticut (June 2021 Rankings)
- 8 Steps to Selling a House in Connecticut
- How to Sell a House By Owner in Connecticut (2021 Update)
- 5 Best Connecticut Flat-Fee MLS Companies in 2021
- We Buy Houses for Cash Companies in Connecticut (2021 Rankings)
Cost to sell a home in Connecticut
- The Average Connecticut Real Estate Commission (2021)
- Connecticut Seller Closing Costs in 2021: How Much Will You Pay?
- The Ultimate Guide to Connecticut Real Estate Taxes
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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 |
- How to Save with a Home Buyer Rebate
- 8 Definitive Steps to Buying a House in Connecticut
- The 5 Most Affordable Places to Live In Connecticut
- The Best Time to Buy a House in Connecticut
Investing in Connecticut real estate
- Top 5 Best Real Estate Investment Markets in Connecticut
- The Ultimate Guide to Flipping Houses in Connecticut
- A Beginner's Guide to Buying an Apartment Building
Best of Connecticut
💡 Did you know…
The Clever Data Center ranked Hartford, Connecticut as one of the top 10 best coffee cities in the country?
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
- Connecticut DCP Real Estate Commission
- Connecticut's real estate license verification
- Connecticut's real estate agent code of conduct
- Connecticut's disclosure forms
- Transfer taxes in Connecticut
- Home buying assistance programs in Connecticut
If you're weighing your options for buying or selling a house, Clever can help!
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Frequently asked questions about Connecticut real estate
Is it a buyer's or seller's market in Connecticut?
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.
Is Connecticut a good state to invest in real estate?
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.
Is it a good time to buy a house in Connecticut?
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.