Is 06040, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 06040 has remained a Seller's Market.
Housing Prices in 06040, CT
How much do homes in 06040, CT cost?
Median Sold Price
$295,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 06040 was $295,000 in February 2024, up 11.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $93K | +16.3% |
2 Bedrooms | $185K | $202K | +9.2% |
3 Bedrooms | $260K | $290K | +11.5% |
4 Bedrooms | $322K | $340K | +5.6% |
5+ Bedrooms | $305K | $372.5K | +22.1% |
Summary: 06040 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 22.1%.
Housing Supply in 06040, CT
How many homes are available in 06040, CT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
76 | 73 | -3.9% |
Summary: The 06040 real estate market had 73 homes for sale in February 2024, a 3.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 24 | 21 | -12.5% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The 06040 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 06040 in February 2024, down by 4.8% month-over-month. Of the 20 sold homes, 15% were sold under asking, 5% were sold at asking, and 80% were sold over asking.
Days on Market for 06040, CT
We’re sorry, we don't have information for this market at the moment