Is 06107, 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, 06107 has remained a Seller's Market.
Key Takeaway
06107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06107, CT
How much do homes in 06107, CT cost?
Median Sold Price
$502,500
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06107 have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in 06107 was $502,500 in March 2024, up 13.9% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | $197.5K | -18.4% |
| 2 Bedrooms | $350.2K | $399.9K | +14.2% |
| 3 Bedrooms | $415K | $456.5K | +10.0% |
| 4 Bedrooms | $514.9K | $632.5K | +22.8% |
| 5+ Bedrooms | $761.5K | $815K | +7.0% |
Summary: 06107 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 7%.
Housing Supply in 06107, CT
How many homes are available in 06107, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 58 | +20.8% |
Summary: The 06107 real estate market had 58 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 06107 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 33.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06107, you could pay more than the asking price. 84.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 06107 in March 2024, up by 58.3% month-over-month. Of the 19 sold homes, 16% were sold under asking, 0% were sold at asking, and 84% were sold over asking.
Days on Market for 06107, CT
We’re sorry, we don't have information for this market at the moment
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