Connecticut Homes for Sale Under 400K

99 Homes for Sale

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Connecticut Housing Market Overview

Connecticut's real estate market shows equilibrium between buyers and sellers. This generates fair negotiating circumstances for all parties. With a 1.48 months of supply and properties spending 52 days on market on average, both buyers and sellers can pursue favorable results.

Status

Balanced Market

Days on Market

52

Inventory

99

Aug 2021May 2024Jul 2026

Median Home Price

$483,000Up 7.33%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
99 Down 17.07%
Newly Listed Homes
2,450 Down 33.75%
Months of Supply
1.5 Down 58.68%

Housing Demand

Homes Sold
7,067 Up 100.71%
Sale-to-List Ratio
100% Up 0.00%
Homes Sold Above List
0.2% Down 40.00%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Connecticut Market Report
No. of Homes
Houses for Sale in Brooklawn St Vincent's, Bridgeport
24
Houses for Sale in North End, Bridgeport
21
Houses for Sale in Downtown, Stamford
20
Houses for Sale in North Stamford, Stamford
18
Houses for Sale in Glenbrook, Stamford
17
Houses for Sale in Hill, New Haven
13
Houses for Sale in Mill Hill, Bridgeport
13
Houses for Sale in Quinnipiac, New Haven
12
Houses for Sale in Newhallville, New Haven
12
Houses for Sale in East Side, Bridgeport
11
Houses for Sale in Marvin Beach, Norwalk
11
Houses for Sale in Turn Of River, Stamford
11
Houses for Sale in Downtown, New Haven
10
Houses for Sale in Springdale, Stamford
10
Houses for Sale in West Side West End, Bridgeport
9
Houses for Sale in Northeast, Hartford
8
Houses for Sale in South End & South Meadows, Hartford
8
Houses for Sale in Golf Acres, Hartford
8
Houses for Sale in West Side, Stamford
8
Houses for Sale in Farmington East, Hartford
8

Frequently Asked Questions

What's the average cost of a house in Connecticut?

The average cost of a house in Connecticut is $464,900. Home prices have increased by 9.6% compared to last year. Moreover, the cost of living in Connecticut is 13% higher than the national average.

Where is the cheapest place to buy a house in Connecticut?

Hartford is the cheapest place to buy a house in Connecticut, with a median price of $176,309. The cost of living is also 6.3% lower than the national average.

Other affordable cities include Waterbury, Norwich, Torrington, and New Britain. These cities have median prices less than $275K and typically have a lower cost of living.

How many homes are available for sale in Connecticut?

There are currently 67 homes for sale in Connecticut. Among these, 4 are newly listed properties in Connecticut and 4 are Connecticut homes without HOA fees.

What are the average HOA fees in Connecticut?

The average HOA (Homeowners Association) fee in Connecticut ranges from $342 to $616 per month. Costs depend on the property's location, type, and amenities. Connecticut has some of the highest HOA fees in the Northeast.

In cities like Stamford or Hartford, condo owners often pay $400 to $600 per month. These fees usually cover pools, gyms, security, or concierge services. In smaller towns, fees for single-family homes are lower. They typically fall between $200 and $350 per month.

Overall, Connecticut's HOA fees are higher than the national average. It's important to check what the fee includes. Some cover snow removal, trash, landscaping, or exterior maintenance. Others may charge more for additional features.

What is the average utility cost in Connecticut?

The average monthly utility cost in Connecticut is around $500 to $775. This includes electricity, natural gas, water, sewer, trash services, and internet.

For a typical household, electricity costs between $176 and $298 per month, while natural gas averages $39 to $170, depending on usage and heating needs. Water and sewer services cost about $69 per month, and trash removal is around $32. Internet and cable services typically add $80 to $100 per month.

Connecticut's housing market is already costly, and high utility bills add to living expenses. Monthly costs are well above the national average of $583 to $600. However, actual expenses can vary based on your home's size, location, number of residents, and seasonal energy usage.

Is it smarter to rent or buy a home in Connecticut?

In many parts of Connecticut, renting is cheaper than buying. The average rent is about $1,872 per month, while mortgage payments for a median-priced home around $400,000 are about $2,400 or more. Renters can save over $500 each month. Use a mortgage calculator to compare monthly costs based on local prices and interest rates.

Buying has long-term benefits like stable payments, building equity, and tax savings. But it also requires upfront costs such as a down payment, closing fees, and maintenance. These costs can make buying harder if you're not financially ready.

Renting offers more flexibility and lower starting costs. It's a good option if you plan to move soon or want fewer responsibilities. However, in cities like Waterbury or New Britain, where home prices are lower, buying may still be the smarter choice if you plan to stay long-term.

Is Connecticut a good place to live?

Yes, Connecticut is a good place to live, especially for those who want good schools and access to healthcare. The state has a high median income and offers a mix of coastal towns and quiet suburbs. Cities like Stamford, West Hartford, and Greenwich are known for safety, strong schools, and quality of life.

Stamford stands out for its growing job market, walkable downtown, and quick access to New York City. The median home price in Stamford is around $615,000, showing strong demand. Smaller towns like Simsbury and Madison also attract families with scenic charm and well-rated schools.

Connecticut has beautiful coastlines, historic towns, and four-season living. However, the cost of living is high, and property taxes are among the highest in the U.S. Traffic can be a challenge, especially along I-95 near larger cities like New Haven and parts of Fairfield County.

What's the safest place to live in Connecticut?

Ridgefield is considered the safest town in Connecticut. It has a violent crime rate of 0.1 and a property crime rate of 2.2 per 1,000 residents, both well below the national average. The town ranks consistently high for safety and overall quality of life.

Other safe places include Wallingford, Simsbury, Cheshire, and Newtown. These towns have low crime rates, strong schools, and active communities. If safety is your top priority, these areas are excellent choices.

What are the disadvantages of moving to Connecticut?

High cost of living: Everyday expenses like housing, groceries, and utilities are higher than the national average. This makes it more difficult to maintain a comfortable lifestyle on a moderate income.

Expensive housing: Home prices in many areas are above $400,000, with some towns exceeding $600,000. This creates a barrier for first-time buyers and those on a budget.

Heavy traffic: Roads like I‑95 and the Merritt Parkway often experience long delays. This reduces daily convenience and adds stress to commuting.

Harsh winters: Snow and freezing temperatures can last for months. This increases heating costs and makes travel harder during winter.

High property taxes: Connecticut ranks among the highest in the country for property tax rates. This adds significantly to the cost of owning a home long term.

Can a foreigner buy a house in Connecticut?

Yes, foreigners can legally buy a house in Connecticut. There are no restrictions on non-US citizens owning property in the state.

However, getting a mortgage may require a larger down payment and a valid US taxpayer ID. It's also important to understand local tax rules and reporting requirements before making a purchase.
  • mls-imgIDX Logo
    Based on information provided to and compiled by the SMART MLS, Inc. through Sep 1, 2026, 1:45 PM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. ©2025 SMART MLS, Inc. All Rights Reserved.

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Connecticut Housing Marketlink qauare
Homes Available icon

99

Homes Available

Median List Price icon

$ 483,000

Median List Price

Avg on Market icon

52 Days

Avg on Market

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