Is 06042, 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, 06042 has remained a Seller's Market.
Key Takeaway
06042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06042, CT
How much do homes in 06042, CT cost?
Median Sold Price
$282,250
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06042 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 06042 was $282,250 in March 2024, up 11.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $122.5K | -2.0% |
| 2 Bedrooms | $192.5K | $235K | +22.1% |
| 3 Bedrooms | $265.5K | $290.4K | +9.4% |
| 4 Bedrooms | $290K | $349.5K | +20.5% |
| 5+ Bedrooms | $300K | $350K | +16.7% |
Summary: 06042 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in 06042, CT
How many homes are available in 06042, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Summary: The 06042 real estate market had 33 homes for sale in March 2024, a 26.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 16 | 22 | +37.5% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 06042 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 25%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06042, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 06042 in March 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.
Days on Market for 06042, CT
We’re sorry, we don't have information for this market at the moment
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