Is 06516, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 06516 has remained a Seller's Market.
Housing Prices in 06516, CT
How much do homes in 06516, CT cost?
Median Sold Price
$320,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 06516 was $320,000 in April 2024, up 10.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.6K | $165.4K | +10.6% |
2 Bedrooms | $220K | $261K | +18.6% |
3 Bedrooms | $300K | $322.5K | +7.5% |
4 Bedrooms | $322K | $356K | +10.6% |
5+ Bedrooms | $386.2K | $425K | +10.0% |
Summary: 06516 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 10%.
Housing Supply in 06516, CT
How many homes are available in 06516, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 128 | +8.5% |
Summary: The 06516 real estate market had 128 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 18 | 25 | +38.9% |
3 Bedrooms | 57 | 55 | -3.5% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The 06516 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 38.9%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 28 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 06516 in April 2024, down by 22.2% month-over-month. Of the 28 sold homes, 11% were sold under asking, 11% were sold at asking, and 79% were sold over asking.
Days on Market for 06516, CT
We’re sorry, we don't have information for this market at the moment