Real Estate Market Update for New Britain, CT

Video: Real Estate Community Tour for New Britain, CT

See Real estate community tour for New Britain, CT
Welcome to December's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 18% from one year earlier, and down 21% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 130-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 6%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 120-thousand dollars. The number of units sold was consistent year-over-year, and increased 6% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for New Britain, CT
Area Information for New Britain, CT
  • Population: 73,757
  • Median Age: 31.9 yr
  • Median Commute Time: 17.53 mins
  • Educational Climate*: 3
  • Sales Tax: 6.35%
  • Population Density: 5,507/sq mi
  • Population Change Since 2000: 3.1%
  • Closest Airport: Bradley International
  • Closest College: Charter Oak State College
  • Closest Jr. College: Sanfor Brown College Farmington
  • Median Household Income: $40,633
  • Annual Residential Turnover: 14.09%
  • Median Years in Residence: 3.73 yr
  • Median Home Sales Price: $110,000
  • Closest Major Sports Team: New Britain Rock Cats
  • Change Avg. Household Income Since 2000: 19%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for New Britain, CT
Median Age: 31.9 Married: 23% Number of Households: 28,492 Households with Children: 8,560
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for New Britain, CT

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Sacred Heart School 0.0 mi Catholic PRESCHOOL-8 0 4
      Chamberlain School 0.3 mi Public PRESCHOOL-5 1 3
      Mountain Laurel Sudbury School 0.3 mi Private UNGRADE-UNGRADE 0 0
      St. Matthews Lutheran School 0.7 mi Private PRESCHOOL-8 0 3
      Pope John Paul Ii 0.8 mi Catholic PRESCHOOL-8 0 0
      Smalley Academy 0.9 mi Public K-5 0 4
      Northend School 1.1 mi Public K-5 4 3
      Lincoln School 1.2 mi Public PRESCHOOL-5 1 3
      Vance School 1.2 mi Public K-5 1 4
      Slade Middle School 1.3 mi Public 6-8 1 2
      Roosevelt Middle School 1.4 mi Public 6-8 0 4
      Gaffney School 1.4 mi Public PRESCHOOL-5 0 4
      Raymond Hill School 1.4 mi Private 2-12 0 1
      Crec Medical Professions And Teacher Preparation Academy 1.4 mi Public 6-10 3-5 4
      E. C. Goodwin Technical High School 1.4 mi Public 9-12 1 3
      Diloreto Magnet School 1.5 mi Public PRESCHOOL-8 0 2
      New Britain High School 1.5 mi Public 9-12 0 3
      Smith School 1.7 mi Public PRESCHOOL-5 0 4
      Jefferson School 1.7 mi Public K-5 1 3
      House Of Arts Letters And Science (hals) academy 1.8 mi Public 6-8 5 4
      Ccmc School 1.8 mi Private 3-12 0 4
      Pulaski Middle School 1.8 mi Public 6-8 0 3
      Holmes School 2.3 mi Public K-5 1 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for New Britain, CT
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.