Is 06078, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 06078 was a Buyer's Market.
Key Takeaway
06078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06078, CT
How much do homes in 06078, CT cost?
Median Sold Price
$445,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06078 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 06078 was $445,000 in March 2024, up 10.7% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $289.9K | +16.0% |
| 3 Bedrooms | $360K | $420K | +16.7% |
| 4 Bedrooms | $525K | $563.5K | +7.3% |
| 5+ Bedrooms | $610K | $742.5K | +21.7% |
Summary: 06078 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in 06078, CT
How many homes are available in 06078, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The 06078 real estate market had 28 homes for sale in March 2024, a 3.4% decrease 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 06078 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06078, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 06078 in March 2024, up by 160.0% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for 06078, CT
We’re sorry, we don't have information for this market at the moment
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