Is 06074, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 06074 has remained a Seller's Market.
Housing Prices in 06074, CT
How much do homes in 06074, CT cost?
Median Sold Price
$388,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 06074 was $388,000 in May 2024, up 15.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136K | $170K | +25.0% |
2 Bedrooms | $226K | $318K | +40.7% |
3 Bedrooms | $335K | $380K | +13.4% |
4 Bedrooms | $477.5K | $525K | +9.9% |
5+ Bedrooms | $494K | $650K | +31.6% |
Summary: 06074 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 40.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 31.6%.
Housing Supply in 06074, CT
How many homes are available in 06074, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
69 | 71 | +2.9% |
Summary: The 06074 real estate market had 71 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 33 | 29 | -12.1% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 06074 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 17 | -26.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 06074 in May 2024, down by 26.1% month-over-month. Of the 17 sold homes, 18% were sold under asking, 6% were sold at asking, and 76% were sold over asking.
Days on Market for 06074, CT
We’re sorry, we don't have information for this market at the moment