Is 06062, 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, 06062 has remained a Seller's Market.
Key Takeaway
06062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06062, CT
How much do homes in 06062, CT cost?
Median Sold Price
$275,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06062 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 06062 was $275,000 in March 2024, up 12.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $127.5K | +11.8% |
| 2 Bedrooms | $190.2K | $241K | +26.7% |
| 3 Bedrooms | $269K | $305K | +13.4% |
| 4 Bedrooms | $311K | $345K | +10.9% |
| 5+ Bedrooms | $217.5K | $359K | +65.1% |
Summary: 06062 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 65.1%.
Housing Supply in 06062, CT
How many homes are available in 06062, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The 06062 real estate market had 30 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 06062 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06062, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 06062 in March 2024, up by 50.0% month-over-month. Of the 15 sold homes, 13% were sold under asking, 7% were sold at asking, and 80% were sold over asking.
Days on Market for 06062, CT
We’re sorry, we don't have information for this market at the moment
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