Is 06112, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06112 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 06112 was a Neutral Market.

Key Takeaway

06112 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 06112, CT

How much do homes in 06112, CT cost?

Median Sold Price

$250,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,000(+6.4%)

Key Takeaway

Homes in 06112 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 06112 was $250,000 in February 2024, up 6.4% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $121.5K$175K
+44.0%
3 $220K$215K
-2.3%
4 $217K$237K
+9.2%
5+ $280K$307.5K
+9.8%

Summary: 06112 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

06002
+6.7%
06112
+6.4%
06105
+5.7%
06114
+1.2%

Housing Supply in 06112, CT

How many homes are available in 06112, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3736-2.7%

Summary: The 06112 real estate market had 36 homes for sale in February 2024, a 2.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 810
+25.0%
4 97
-22.2%
5+ 1717
0.0%

Summary: The 06112 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06112, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 06112 in February 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for 06112, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 06112, CT

Nearby Markets to 06112, CT