Is 06051, 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, 06051 has remained a Seller's Market.
Key Takeaway
06051 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06051, CT
How much do homes in 06051, CT cost?
Median Sold Price
$265,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06051 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 06051 was $265,000 in March 2024, up 9.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $164.9K | +174.9% |
| 2 Bedrooms | $148K | $162.2K | +9.6% |
| 3 Bedrooms | $220K | $237K | +7.7% |
| 4 Bedrooms | $240K | $265K | +10.4% |
| 5+ Bedrooms | $294.5K | $355K | +20.5% |
Summary: 06051 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 174.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in 06051, CT
How many homes are available in 06051, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 56 | +3.7% |
Summary: The 06051 real estate market had 56 homes for sale in March 2024, a 3.7% 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 | 5 | -37.5% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 25 | 29 | +16.0% |
Summary: The 06051 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 decreased by 37.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06051, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 06051 in March 2024, up by 28.6% month-over-month. Of the 18 sold homes, 22% were sold under asking, 6% were sold at asking, and 72% were sold over asking.
Days on Market for 06051, CT
We’re sorry, we don't have information for this market at the moment
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