Is 06040, 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, 06040 has remained a Seller's Market.
Housing Prices in 06040, CT
How much do homes in 06040, CT cost?
Median Sold Price
$296,100
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 06040 was $296,100 in March 2024, up 10.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $79.9K | $95K | +18.9% |
2 Bedrooms | $185.6K | $202K | +8.8% |
3 Bedrooms | $260K | $292K | +12.3% |
4 Bedrooms | $340K | $340K | 0.0% |
5+ Bedrooms | $301K | $377.5K | +25.4% |
Summary: 06040 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 25.4%.
Housing Supply in 06040, CT
How many homes are available in 06040, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 83 | +1.2% |
Summary: The 06040 real estate market had 83 homes for sale in March 2024, a 1.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 38 | 33 | -13.2% |
4 Bedrooms | 25 | 26 | +4.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 06040 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 06040 in March 2024, up by 12.5% month-over-month. Of the 27 sold homes, 19% were sold under asking, 4% were sold at asking, and 78% were sold over asking.
Days on Market for 06040, CT
We’re sorry, we don't have information for this market at the moment