Is New Milford, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Milford has remained a Seller's Market.
Housing Prices in New Milford, CT
How much do homes in New Milford, CT cost?
Median Sold Price
$427,937
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Milford was $427,937 in April 2024, up 9.7% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.2K | $164.5K | +4.6% |
2 Bedrooms | $259K | $268K | +3.5% |
3 Bedrooms | $390K | $417K | +6.9% |
4 Bedrooms | $492.5K | $560K | +13.7% |
5+ Bedrooms | $505K | $705K | +39.6% |
Summary: New Milford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 39.6%.
Median Sold Price Compared To Nearby Cities
Sherman | $590K | $675K | +14.4% |
Bridgewater | $616.4K | $691.5K | +12.2% |
New Milford | $390K | $427.9K | +9.7% |
Housing Supply in New Milford, CT
How many homes are available in New Milford, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 91 | -12.5% |
Summary: The New Milford real estate market had 91 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 38 | 35 | -7.9% |
4 Bedrooms | 31 | 26 | -16.1% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The New Milford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 22 | -24.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in New Milford in April 2024, down by 24.1% month-over-month. Of the 22 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market for New Milford, CT
We’re sorry, we don't have information for this market at the moment