Is 06106, 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, 06106 has remained a Seller's Market.
Key Takeaway
06106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06106, CT
How much do homes in 06106, CT cost?
Median Sold Price
$280,500
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06106 have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in 06106 was $280,500 in March 2024, up 16.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $67K | -48.5% |
| 2 Bedrooms | $194K | $200K | +3.1% |
| 3 Bedrooms | $215K | $233.7K | +8.7% |
| 4 Bedrooms | $237K | $259.7K | +9.6% |
| 5+ Bedrooms | $318K | $355K | +11.6% |
Summary: 06106 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.5%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Zip Codes
| 06106 | $240K | $280.5K | +16.9% |
| 06114 | $255K | $268.5K | +5.3% |
Housing Supply in 06106, CT
How many homes are available in 06106, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 43 | -4.4% |
Summary: The 06106 real estate market had 43 homes for sale in March 2024, a 4.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The 06106 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06106, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 06106 in March 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 8% were sold at asking, and 67% were sold over asking.
Days on Market for 06106, CT
We’re sorry, we don't have information for this market at the moment
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