Is 06248, 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, 06248 has remained a Seller's Market.
Key Takeaway
06248 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06248, CT
How much do homes in 06248, CT cost?
Median Sold Price
$392,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06248 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 06248 was $392,500 in March 2024, up 14.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $365K | $270K | -26.0% |
| 3 Bedrooms | $317.4K | $375K | +18.1% |
| 4 Bedrooms | $582.5K | $549.9K | -5.6% |
| 5+ Bedrooms | $478K | - | N/A |
Summary: 06248 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 06237 | $340K | $435K | +27.9% |
| 06248 | $342.1K | $392.5K | +14.7% |
| 06043 | $355.5K | $385K | +8.3% |
| 06231 | $375K | $395K | +5.3% |
Housing Supply in 06248, CT
How many homes are available in 06248, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Summary: The 06248 real estate market had 9 homes for sale in March 2024, a 80.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 6 | +200.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 06248 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06248, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 06248 in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 06248, CT
We’re sorry, we don't have information for this market at the moment
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