Is 06114, 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, 06114 has remained a Seller's Market.
Key Takeaway
06114 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06114, CT
How much do homes in 06114, CT cost?
Median Sold Price
$268,500
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06114 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 06114 was $268,500 in March 2024, up 5.3% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.5K | $60K | +0.8% |
| 2 Bedrooms | $100K | $120.5K | +20.5% |
| 3 Bedrooms | $200K | $250K | +25.0% |
| 4 Bedrooms | $282K | $276.2K | -2.0% |
| 5+ Bedrooms | $315K | $350K | +11.1% |
Summary: 06114 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 06114, CT
How many homes are available in 06114, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 55 | +12.2% |
Summary: The 06114 real estate market had 55 homes for sale in March 2024, a 12.2% 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 22 | 27 | +22.7% |
Summary: The 06114 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 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06114, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 06114 in March 2024, up by 45.5% month-over-month. Of the 16 sold homes, 19% were sold under asking, 6% were sold at asking, and 75% were sold over asking.
Days on Market for 06114, CT
We’re sorry, we don't have information for this market at the moment
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