Connecticut Foreclosure Stats 2025-2024
Making moves in the Connecticut real estate market is equal measures of excitement and stress. Every decision is a risk, and while some are major opportunities that can pay off in the long run, others may result in lost value and endless headaches. Before making a decision to buy, sell, or invest, you can get a good idea of the state’s economic health by studying recent foreclosure trends.
Whether it’s the rising rates in certain counties or the statewide averages that surpass national figures, these numbers show an intriguing story. We have gathered data on some of the most relevant Connecticut foreclosure trends to offer a glimpse of this state’s current conditions. Keep reading to learn more.
- 1 in 3,210 Connecticut Homes Is in Foreclosure
- Connecticut Saw 432 Foreclosure Filings in January 2025
- Connecticut Saw a 17.3% Increase in Foreclosure Activity
- Hartford County Home Prices to Increase by 5.9%
- 587 of 1,531,332 Connecticut Homes Were Foreclosed
- Foreclosure Rates Increased by 11.05% From December 2024
- Repairing Foreclosed Homes Costs $20,400 to $40,700
- New Haven Ranks 284th Worst City for Foreclosure Rate
1 in 3,210 Connecticut Homes Is in Foreclosure
Within the U.S., Connecticut has one of the highest numbers of homes currently facing foreclosure filings. One in every 3,120 housing units has this issue, highlighting the economic pressures homeowners are facing. The number also shows how the state’s housing market is under strain, especially in areas with rising costs and limited financial relief. These figures highlight the importance of understanding local trends and seeking support early to avoid long-term financial consequences.
Connecticut Saw 432 Foreclosure Filings in January 2025
During the first month of this year alone, the state reported 432 foreclosure filings, ranking it seventh during this month in the U.S. Connecticut’s top counties with foreclosure activity included New London, Windham, and Hartford. As more economic pressure mounts, this trend could unfortunately continue throughout the remainder of 2025.
Connecticut Saw a 17.3% Increase in Foreclosure Activity
Per the latest statistics, Connecticut has experienced an increase in foreclosure activity, by up to 17.3% compared to 2023. This number is another indicator of the rising financial challenges faced by homeowners in the state. Several factors could be contributing to this uptick, including rising interest rates and persistent inflationary pressures. As such, support services for homeowners facing financial hardship may see increased demand in the coming months.
Hartford County May See a 5.9% Increase in Home Prices
One factor that increases foreclosure rates is home prices, and Hartford County may not see any relief soon. This location is just one of the counties in the Hartford Metro area that’s expected to face higher home prices, increasing by 5.9% this 2025. The increase may push more homeowners into financial distress, especially those already struggling with mortgage payments, ultimately leading to a higher risk of foreclosure filings in the region.
587 of 1,531,332 Connecticut Homes Went Into Foreclosure
The number of homes that actually went into foreclosure, not just filed for foreclosure, is 587 out of 1,531,332 Connecticut properties. According to SoFi’s findings, this number puts the state in the second spot in the entire U.S., just after California, which is not surprising given the high cost of living and the large population. However, Connecticut is the 29th most populous state in the country, and such a high ranking is only indicative of a disproportionately high rate of completed foreclosures relative to its population size.
Connecticut Foreclosure Rates Increased by 11.05% From December 2024
According to Attom, the state saw an increase of 11.05% in foreclosure rates in January 2025 compared to the previous month. While this number is still lower than the annual rate we mentioned above, the increase is still concerning given the one-month gap. The number is another indicator of the state’s high foreclosure activity. If this upward trend continues, it could signal deeper financial instability for Connecticut homeowners throughout the year.
Repairing Foreclosed Connecticut Homes Costs $20,400 to $40,700
For those who are considering buying foreclosed Connecticut homes during auctions, you may need between $20,400 to $40,700 for the needed repairs. This value is a reflection of the state of deterioration these homes have faced during the foreclosure process. The amount can take a huge chunk of a potential buyer’s budget, making a thorough inspection and realistic repair cost assessment absolutely crucial before making a bid.
New Haven Ranks 284th Worst City for Foreclosure Rate
Connecticut cities rank among the worst in the nation for foreclosure rates, according to WalletHub. New Haven placed 284th out of 300, with Hartford, Waterbury, and Bridgeport also near the bottom. These rankings reflect the struggling real estate markets and low affordability, highlighting ongoing financial challenges for homeowners across the state.
Wrapping Up: Connecticut Foreclosure Statistics for 2024
Foreclosure rates in Connecticut are climbing in 2025, a symptom of the economic distress various cities and counties are facing. However, these foreclosure statistics are just one part of the bigger picture and must be evaluated with other data. A comprehensive assessment helps investors, home buyers, and sellers gain a clearer idea of current market conditions before making any moves.