Is 06108, 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, 06108 has remained a Seller's Market.
Key Takeaway
06108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06108, CT
How much do homes in 06108, CT cost?
Median Sold Price
$265,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06108 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 06108 was $265,000 in March 2024, up 10.4% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $90.2K | -9.8% |
| 2 Bedrooms | $213.7K | $222.5K | +4.1% |
| 3 Bedrooms | $245K | $260K | +6.1% |
| 4 Bedrooms | $240K | $295K | +22.9% |
| 5+ Bedrooms | $275K | $332K | +20.7% |
Summary: 06108 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 20.7%.
Housing Supply in 06108, CT
How many homes are available in 06108, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Summary: The 06108 real estate market had 47 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 06108 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 18.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06108, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 06108 in March 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 06108, CT
We’re sorry, we don't have information for this market at the moment
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