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Sarah Mitchell
Compass Real Estate · Connecticut
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Connecticut housing market
Connecticut housing market summary
The typical home in Connecticut is worth $450,873, up 5.0% over the past year. Homes that actually closed went for a median of $498,000 after 31 days on market. On supply, pricing discipline, and speed of sale, Connecticut currently reads as a strong seller's market at 2.4 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $2,407 a month in principal and interest with 20.0% down.
Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026
Connecticut housing market at a glance
Every tile carries the provider and the month it was published
Typical home value
$450,873
+5.0% YoY · Zillow, August 2026
Median sale price
$498,000
Redfin, through May 2026
Typical asking rent
$2,030/mo
Median of 40 cities · Zillow, August 2026
30-yr fixed rate
7.03%
Freddie Mac via FRED, September 2026
Monthly P&I
$2,407
20.0% down, 30-yr fixed
Days on market
31
0 days YoY
Active listings
6,955
-10.1% YoY
Median household income
$93,760
U.S. Census ACS, 2023
Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
Where Connecticut home prices are heading
Connecticut's typical home value is $450,873, up 5.0% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are at or within a rounding error of their two-year high.
Against the national picture, Connecticut runs 22.3% above the U.S. typical home value of $368,697, and its 12-month move of +5.0% is outpacing the national pace of +1.2%.
What would have to change for Connecticut prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Connecticut is carrying 2.4 months of supply — below the four-month line, so inventory would have to roughly double before sellers lose pricing power. Active listings are -10.1% year over year and new listings -1.4%, so supply is still tightening, which supports prices even with weak demand. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.
Market trends
Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
What it costs to buy in Connecticut at today's rate
Down payment
$90,175
20.0% of value
Loan amount
$360,699
30-yr fixed
Monthly P&I
$2,407
at 7.03%
Income needed
$103,157
28.0% front-end ratio
A buyer purchasing the typical Connecticut home at $450,873 puts $90,175 down, finances $360,699, and pays $2,407 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.
Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $103,157. Connecticut's median household earns $93,760 (Census ACS 2023) — a gap of $9,397 above what the median household brings in. Put differently, the median household would spend 30.8% of gross income on principal and interest alone — above the ratio most lenders underwrite to, which is why buyers here typically need a larger down payment, a co-borrower, or a cheaper city than the statewide typical home.
The value-to-income ratio in Connecticut is 4.8x. Between roughly 3.5x and 5x, prices are ahead of local earnings but still within reach for higher-earning households. Model your own numbers in the affordability calculator or the mortgage calculator.
Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023
Buying in Connecticut in the next 12 months?
Tell us your timeline. We send the Connecticut market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.
Rent or buy in Connecticut?
Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 40 largest Connecticut cities that carry it: $2,030 a month. Set against a typical home value of $450,873, that is a price-to-rent ratio of 18.5x.
Between 15x and 20x the two options are close enough that the tiebreaker is how long you stay, not the ratio itself. Principal and interest on the typical home runs $377 more per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.
For a second read on the same question, the Census ACS puts median gross rent across all Connecticut households — every unit type, not just what is currently listed — at $1,431 a month (2023), with 66.2% of Connecticut households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.
Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.
Supply: what is on the market in Connecticut
| Measure | Latest | Year earlier | Change |
|---|---|---|---|
| Active listings | 6,955 | 7,736 | -10.1% |
| New listings | 4,618 | 4,683 | -1.4% |
| Homes sold | 2,914 | 3,264 | -10.7% |
| Months of supply | 2.4 | 2.4 | +0.0 |
| Sale-to-list ratio | 103.7% | 103.5% | Above asking |
What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.
Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.
Where Connecticut home values are moving fastest
12-month change in typical home value · Zillow, August 2026
Rising fastest
- 1.Greenwich+12.3%
- 2.New Canaan+11.4%
- 3.Windsor Locks+9.0%
- 4.Wethersfield+8.8%
- 5.New Britain+6.6%
- 6.Norwich+6.6%
- 7.Colchester+6.3%
- 8.Ridgefield+6.0%
Falling
- 1.Orange-1.1%
Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 150 largest Connecticut cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.
The most and least expensive cities in Connecticut
Typical home value across the 150 largest cities · Zillow, August 2026
Most expensive
- 1.Greenwich$2.38M
- 2.New Canaan$2.23M
- 3.Ridgefield$1.01M
- 4.Stamford$724,387
- 5.Norwalk$676,843
- 6.Newtown$664,021
- 7.Orange$634,325
- 8.Bethel$568,616
- 9.Shelton$565,911
- 10.Litchfield$539,763
Most affordable
- 1.Hartford$203,792
- 2.Willimantic$277,344
- 3.Winsted$286,343
- 4.Waterbury$287,514
- 5.South Windham$296,525
- 6.Torrington$301,660
- 7.Norwich$306,163
- 8.East Hartford$310,951
- 9.New Britain$312,170
- 10.Meriden$328,086
The spread between Greenwich and Hartford is 11.7x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Blue Hills was the quickest of these markets to clear at 1 days on market (Redfin, through May 2026).
How Connecticut compares
| Market | Typical value | 12-mo change | Median income | Value / income |
|---|---|---|---|---|
| Connecticut | $450,873 | +5.0% | $93,760 | 4.8x |
| United States | $368,697 | +1.2% | — | — |
| New York | $526,714 | +5.6% | $84,578 | 6.2x |
| Massachusetts | $661,896 | +2.3% | $101,341 | 6.5x |
| Rhode Island | $511,233 | +3.4% | $86,372 | 5.9x |
The three states above are Connecticut's nearest land neighbours — the markets buyers most often price against when a move is still negotiable. Connecticut is the cheapest of this group on a typical-value basis, which is what makes it a destination rather than an origin for cross-state moves.
Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.
Connecticut housing markets by city
214 cities tracked — the 60 largest by population shown
Bridgeport
$364,989
Stamford
$724,387
New Haven
$339,182
Hartford
$203,792
Waterbury
$287,514
Norwalk
$676,843
Danbury
$492,946
New Britain
$312,170
West Hartford
$509,334
Bristol
$350,637
Meriden
$328,086
West Haven
$366,562
East Hartford
$310,951
Middletown
$368,256
Shelton
$565,911
Norwich
$306,163
Manchester
$334,689
Torrington
$301,660
Naugatuck
$353,857
Newington
$380,275
East Haven
$364,482
New London
$331,435
Wethersfield
$438,230
North Haven
$475,604
Ansonia
$385,949
Wallingford Center
Pop. 18K
Willimantic
$277,344
Greenwich
$2.38M
Orange
$634,325
Storrs
Pop. 14K
Windsor Locks
$340,173
Derby
$343,257
Bethel
$568,616
Trumbull Center
Pop. 10K
Kensington
Pop. 10K
Sandy Hook
Pop. 10K
Groton
$447,813
Oakville
Pop. 9K
Riverside
Pop. 9K
Conning Towers-Nautilus Park
Pop. 9K
Southwood Acres
Pop. 8K
Glastonbury Center
Pop. 8K
New Milford
$473,506
Thompsonville
Pop. 7K
Cos Cob
Pop. 7K
Putnam
$354,394
Ridgefield
$1.01M
Winsted
$286,343
New Canaan
$2.23M
Staples
Pop. 7K
Old Greenwich
Pop. 7K
Rockville
Pop. 7K
Hazardville
Pop. 6K
Simsbury Center
Pop. 6K
Northford
Pop. 6K
Branford Center
Pop. 6K
Cheshire Village
Pop. 6K
Daniels Farm
Pop. 6K
Portland
$420,480
Sherwood Manor
Pop. 6K
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What to do next in Connecticut
If you are buying
- Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Connecticut home is $2,407/mo in P&I today.
- Pick the city, not the state. Values across Connecticut run from $203,792 in Hartford to $2.38M in Greenwich.
- Put two finalists head to head in the city comparison tool before you tour anything.
- Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.
If you are selling
- Price against your city, not the statewide figure — the spread between Connecticut markets is wider than the year-over-year move in any of them.
- Read the supply table above. At 2.4 months of supply, you still set the terms — but only if the home is priced to the comps on day one.
- Watch days on market in your city, not the state. The statewide median was 31 days (Redfin, through May 2026); your city page carries its own.
- Time the listing against new-listing volume. New listings are -1.4% year over year — less competition than a year ago.
Connecticut housing market questions
What is the typical home value in Connecticut?
The typical home value in Connecticut is $450,873 (Zillow, August 2026). That is a +5.0% change over the past 12 months. The median price of homes that actually sold was $498,000 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.
Are Connecticut home prices going up or down?
Connecticut home values are up 5.0% year over year (Zillow, August 2026). Values are at or near their highest reading in the past two years.
How much income do you need to buy a home in Connecticut?
At the current 30-year fixed rate of 7.03%, a $450,873 home with 20.0% down carries roughly $2,407 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $103,157 before taxes, insurance, HOA dues, or mortgage insurance are added. Connecticut's median household income is $93,760 (Census ACS, 2023), a gap of $9,397 above the median household. These figures are illustrative, not a quote or a pre-approval.
Is it cheaper to rent or buy in Connecticut?
Typical asking rent across the largest Connecticut cities Zillow publishes rent data for is $2,030 a month (median of 40 cities, Zillow, August 2026). Against a typical home value of $450,873, that is a price-to-rent ratio of 18.5x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $377 more than that typical rent each month, before taxes, insurance, and maintenance.
Which Connecticut cities are the most affordable?
Among the largest cities we track in Connecticut, the lowest typical home values are in Hartford ($203,792), Willimantic ($277,344), Winsted ($286,343), Waterbury ($287,514), South Windham ($296,525). Values are Zillow's typical-home-value index for August 2026.
Which Connecticut cities are the most expensive?
The highest typical home values among the largest Connecticut cities are in Greenwich ($2.38M), New Canaan ($2.23M), Ridgefield ($1.01M), Stamford ($724,387), Norwalk ($676,843). Price per square foot, inventory, and days on market for each are on the individual city pages.
Which Connecticut cities are appreciating the fastest?
Over the past 12 months the largest home-value gains among Connecticut cities we track were in Greenwich (+12.3%), New Canaan (+11.4%), Windsor Locks (+9.0%), Wethersfield (+8.8%), New Britain (+6.6%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.
How long do homes take to sell in Connecticut?
Homes in Connecticut spent a median of 31 days on market in the last month Redfin published (Redfin, through May 2026). That is 0 days faster than the same month a year earlier. The quickest market among the state's largest cities was Blue Hills at 1 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
How does Connecticut compare to neighboring states?
Connecticut's typical home value of $450,873 compares with New York at $526,714, Massachusetts at $661,896, Rhode Island at $511,233. The U.S. typical home value is $368,697, putting Connecticut 22.3% above the national figure.
Is now a good time to buy in Connecticut?
That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 2.4 months of supply statewide (Redfin, through May 2026), active listings -10.1% year over year, and home values +5.0% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.
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Neighboring state markets
- New York housing market — $526,714 typical value
- Massachusetts housing market — $661,896 typical value
- Rhode Island housing market — $511,233 typical value
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