Is 06614, 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, 06614 has remained a Seller's Market.
Key Takeaway
06614 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06614, CT
How much do homes in 06614, CT cost?
Median Sold Price
$411,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06614 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 06614 was $411,000 in May 2024, up 8.2% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $227.5K | +1.1% |
| 2 Bedrooms | $330.1K | $360K | +9.0% |
| 3 Bedrooms | $390.6K | $420K | +7.5% |
| 4 Bedrooms | $455K | $480K | +5.5% |
| 5+ Bedrooms | $500K | $506.2K | +1.3% |
Summary: 06614 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in 06614, CT
How many homes are available in 06614, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 140 | 125 | -10.7% |
Summary: The 06614 real estate market had 125 homes for sale in May 2024, a 10.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 19 | -5.0% |
| 2 Bedrooms | 29 | 29 | 0.0% |
| 3 Bedrooms | 64 | 53 | -17.2% |
| 4 Bedrooms | 23 | 18 | -21.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 06614 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 29 | -35.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06614, you could pay more than the asking price. 72.4% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 06614 in May 2024, down by 35.6% month-over-month. Of the 29 sold homes, 17% were sold under asking, 10% were sold at asking, and 72% were sold over asking.
Days on Market for 06614, CT
We’re sorry, we don't have information for this market at the moment
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