Is 06053, 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, 06053 has remained a Seller's Market.
Key Takeaway
06053 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06053, CT
How much do homes in 06053, CT cost?
Median Sold Price
$260,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06053 have sold for 14% more than they did a year ago.
Summary: The median home sold price in 06053 was $260,000 in March 2024, up 14% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.5K | $105K | +11.1% |
| 2 Bedrooms | $175.2K | $206.2K | +17.7% |
| 3 Bedrooms | $235K | $264K | +12.3% |
| 4 Bedrooms | $240K | $269K | +12.1% |
| 5+ Bedrooms | $316K | $380K | +20.3% |
Summary: 06053 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 20.3%.
Housing Supply in 06053, CT
How many homes are available in 06053, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The 06053 real estate market had 49 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 06053 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06053, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 06053 in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% were sold over asking.
Days on Market for 06053, CT
We’re sorry, we don't have information for this market at the moment
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