Is 06029, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 06029 has remained a Seller's Market.
Key Takeaway
06029 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06029, CT
How much do homes in 06029, CT cost?
Median Sold Price
$370,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06029 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 06029 was $370,000 in March 2024, up 4.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $180.5K | +9.4% |
| 2 Bedrooms | $280K | $237.8K | -15.1% |
| 3 Bedrooms | $356K | $380K | +6.7% |
| 4 Bedrooms | $449.9K | $475K | +5.6% |
| 5+ Bedrooms | $355K | $496.5K | +39.9% |
Summary: 06029 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 39.9%.
Housing Supply in 06029, CT
How many homes are available in 06029, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The 06029 real estate market had 28 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 6 | +500.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06029 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06029, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 06029 in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 06029, CT
We’re sorry, we don't have information for this market at the moment
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