Home Values

New Haven Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$212,000

  • -0.2% 1-year change
  • -1.1% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Cold

Buyers' Market
Sellers' Market

The median home value in New Haven Metro is $212,000. New Haven Metro home values have declined -0.2% over the past year and Zillow predicts they will fall -1.1% within the next year. The median list price per square foot in New Haven Metro is $149, which is lower than the Connecticut average of $160. The median price of homes currently listed in New Haven Metro is $229,000 while the median price of homes that sold is $208,300. The median rent price in New Haven Metro is $1,250, which is lower than the Connecticut median of $1,450.

Foreclosures will be a factor impacting home values in the next several years. In New Haven Metro 6.8 homes are foreclosed (per 10,000). This is greater than the Connecticut value of 4.7 and also greater than the national value of 4.0

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 New Haven Metro is 9.6%, 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 New Haven Metro homeowners underwater on their mortgage is 23.3%, which is higher than Connecticut at 19.7%.

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Relative ZHVI
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New Haven Metro Market Overview

Data through Sep 30, 2014
  • $212,000 ZHVI
  • -1.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $229,000 Median listing price
  • $208,300 Median sale price
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New Haven Metro Market Health

Data through Sep 30, 2014
  • 0.2/10 Less healthy
    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 (Aug 31, 2014)
  • 23.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.8 homes New Haven Metro
4.7 homes Connecticut
4 homes United States
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Cities in New Haven Metro

Name Median ZHVI
Milford $266,500
Wallingford $234,400
Hamden $199,600
Name Median ZHVI
East Haven $177,800
West Haven $167,500
Naugatuck $162,500
Name Median ZHVI
New Haven $158,400
Meriden $153,600
Waterbury $104,800

Listings & Sales

Data through Sep 30, 2014
  • $149 Median list price / sq ft
  • $143 Median sale price / sq ft
  • 48.7% Listings with price cut
32.1%
Sold below listing
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New Haven Metro Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,608 New Haven Metro
    $1,700 Connecticut
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,250 Rent list price
  • $1.16 Rent list price / sq ft
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