Is 06606, 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, 06606 has remained a Seller's Market.
Key Takeaway
06606 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06606, CT
How much do homes in 06606, CT cost?
Median Sold Price
$350,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06606 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 06606 was $350,000 in May 2024, up 11.1% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $170K | +9.7% |
| 2 Bedrooms | $216K | $232.5K | +7.6% |
| 3 Bedrooms | $317K | $350K | +10.4% |
| 4 Bedrooms | $345K | $405K | +17.4% |
| 5+ Bedrooms | $440.7K | $495K | +12.3% |
Summary: 06606 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in 06606, CT
How many homes are available in 06606, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 117 | 109 | -6.8% |
Summary: The 06606 real estate market had 109 homes for sale in May 2024, a 6.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 10 | -28.6% |
| 2 Bedrooms | 14 | 21 | +50.0% |
| 3 Bedrooms | 51 | 40 | -21.6% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The 06606 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 increased by 50%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06606, you could pay more than the asking price. 76.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 06606 in May 2024, down by 16.7% month-over-month. Of the 30 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% were sold over asking.
Days on Market for 06606, CT
We’re sorry, we don't have information for this market at the moment
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