According to data from ClosingCorp, the average closing cost in Connecticut is $7,302.98 after taxes, or approximately 1.83% to 2.43% of the final home sale price.
Across the state, the average home sells for between $300,000 and $400,000. If you buy a property in that range, expect to pay between $5,477.24 and $9,737.31 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $300,000 to $400,000 |
| Average total closing cost | $7,302.98 |
| Expected closing cost range | $5,477.24 to $9,737.31 |
| Percentage of closing cost to home sale price | 1.83% to 2.43% |
Buyers and sellers in Connecticut pay an average of $3,659.73 in tax combined for the closing. This accounts for 50.11% of the total average closing cost in Connecticut.
| Value | |
|---|---|
| Average tax paid | $3,659.73 |
| Percentage of total closing cost | 50.11% |
The closing costs for buying a home in Connecticut are above the national average after accounting for taxes. It’s 33 in our rankings which rates states from lowest to highest closing cost.
| Average total closing cost in Connecticut | Ranking* | |
|---|---|---|
| Before taxes | $3,643.25 | 19 |
| After taxes | $7,302.98 | 33 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Connecticut.
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