Connecticut Home Prices & Values

$240,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.1% 1-year change
  • -0.1% 1-year forecast

The median home value in Connecticut is $240,000. Connecticut home values have gone up 1.1% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in Connecticut is $162. The median price of homes currently listed in Connecticut is $275,600 while the median price of homes that sold is $268,900. The median rent price in Connecticut is $1,500.

Foreclosures will be a factor impacting home values in the next several years. In Connecticut 4.2 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Connecticut is 9.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Connecticut homeowners underwater on their mortgage is 19.7%.

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Relative ZHVI
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Connecticut Market Overview

Data through Jul 31, 2014
  • $240,000 ZHVI
  • -0.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $275,600 Median listing price
  • $268,900 Median sale price
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Connecticut Market Health

Data through Jul 31, 2014
  • 0.4/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 112 Average days on Zillow (Jun 30, 2014)
  • 19.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.2 homes Connecticut
4.4 homes United States
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Cities in Connecticut

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Stamford $429,900 Norwalk $343,400 West Hartford $290,700
Danbury $241,700 New Haven $155,100 Bridgeport $146,900
New Britain $129,700 Waterbury $104,500 Hartford $92,500

Listings & Sales

Data through Jul 31, 2014
  • $162 Median list price / sq ft
  • $161 Median sale price / sq ft
  • 44.4% Listings with price cut
35.1%
Sold below listing
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Connecticut Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,678 Connecticut
$1,318 United States
  • No data Breakeven horizon
  • $1,500 Rent list price
  • $1.30 Rent list price / sq ft
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