Is 06360, 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, 06360 has remained a Seller's Market.
Key Takeaway
06360 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06360, CT
How much do homes in 06360, CT cost?
Median Sold Price
$240,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06360 have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in 06360 was $240,500 in May 2024, up 11.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128K | $151.9K | +18.7% |
| 2 Bedrooms | $187K | $190K | +1.6% |
| 3 Bedrooms | $242K | $265K | +9.5% |
| 4 Bedrooms | $269.5K | $306K | +13.5% |
| 5+ Bedrooms | $257K | $288.7K | +12.3% |
Summary: 06360 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Zip Codes
| 06334 | $290K | $349.7K | +20.6% |
| 06365 | $312.5K | $351K | +12.3% |
| 06360 | $215K | $240.5K | +11.9% |
Housing Supply in 06360, CT
How many homes are available in 06360, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 136 | 131 | -3.7% |
Summary: The 06360 real estate market had 131 homes for sale in May 2024, a 3.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 34 | 29 | -14.7% |
| 3 Bedrooms | 51 | 43 | -15.7% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 06360 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06360, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in 06360 in May 2024, up by 17.6% month-over-month. Of the 40 sold homes, 20% were sold under asking, 5% were sold at asking, and 75% were sold over asking.
Days on Market for 06360, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.