Real Estate Market Update for New Milford, CT

Video: Real Estate Community Tour for New Milford, CT

See Real estate community tour for New Milford, CT
Welcome to October's Market Update. Lets take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 36% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was 350-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 100%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The number of units sold decreased 100% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. 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.
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Map Information for New Milford, CT
Area Information for New Milford, CT
  • Population: 28,174
  • Median Age: 43.87 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 457/sq mi
  • Population Change Since 2000: 3.89%
  • Closest Airport: Westchester County
  • Closest College: Western Connecticut State University
  • Closest Jr. College: Porter And Chester Institute
  • Median Household Income: $79,598
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $239,950
  • Closest Major Sports Team: Hudson Valley Renegades (ss)
  • Change Avg. Household Income Since 2000: 26.06%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for New Milford, CT
Median Age: 43.87 Married: 46% Number of Households: 10,631 Households with Children: 3,428
Community:
    • 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 Milford, CT

      School Name Distance Type Grades School Rating Parent Rating
      Northville Elementary School 0.6 mi Public PRESCHOOL-2 0 0
      Schaghticoke Middle School 0.7 mi Public 6-8 2 0
      Canterbury School 2.4 mi Catholic 9-12 0 0
      Sarah Noble Intermediate School 3.7 mi Public 3-5 2 0
      Kindercare Learning Center 5.2 mi Private PRESCHOOL-PRESCHOOL 0 0
      Hill And Plain School 6.1 mi Public PRESCHOOL-2 0 0
      New Milford High School 6.5 mi Public 9-12 3 4
      Faith Academy 8.1 mi Private K-12 0 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for New Milford, CT
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.