Is 06238, 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, 06238 has remained a Seller's Market.
Key Takeaway
06238 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06238, CT
How much do homes in 06238, CT cost?
Median Sold Price
$337,500
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06238 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 06238 was $337,500 in March 2024, up 13.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.2K | $230.5K | +15.7% |
| 2 Bedrooms | $225K | $210K | -6.7% |
| 3 Bedrooms | $304.5K | $340K | +11.7% |
| 4 Bedrooms | $375K | $496.2K | +32.3% |
| 5+ Bedrooms | $395K | $613.6K | +55.4% |
Summary: 06238 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 55.4%.
Median Sold Price Compared To Nearby Zip Codes
| 06237 | $340K | $435K | +27.9% |
| 06268 | $300K | $355.2K | +18.4% |
| 06238 | $298K | $337.5K | +13.3% |
| 06250 | $294.9K | $299K | +1.4% |
Housing Supply in 06238, CT
How many homes are available in 06238, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The 06238 real estate market had 21 homes for sale in March 2024, a 8.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06238 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06238, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 06238 in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 06238, CT
We’re sorry, we don't have information for this market at the moment
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