Is 06118, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 06118 has remained a Seller's Market.
Key Takeaway
06118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06118, CT
How much do homes in 06118, CT cost?
Median Sold Price
$265,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06118 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 06118 was $265,000 in April 2024, up 9.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39K | $162K | +315.4% |
| 2 Bedrooms | $160K | $165K | +3.1% |
| 3 Bedrooms | $255K | $285K | +11.8% |
| 4 Bedrooms | $280K | $292.5K | +4.5% |
| 5+ Bedrooms | $315.2K | $352K | +11.7% |
Summary: 06118 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 315.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 11.7%.
Housing Supply in 06118, CT
How many homes are available in 06118, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 68 | -4.2% |
Summary: The 06118 real estate market had 68 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 41 | 37 | -9.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06118 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06118, you could pay more than the asking price. 73.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 06118 in April 2024, up by 15.0% month-over-month. Of the 23 sold homes, 26% were sold under asking, 0% were sold at asking, and 74% were sold over asking.
Days on Market for 06118, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.