Is 06248, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06248 is a seller's market

Buyer's
Market

Difference Since February 2022

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.

How much do homes in 06248, CT cost?

Median Sold Price

$320,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

-$32,510(-9.2%)

Key Takeaway

Homes in 06248 have sold for 9.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $210K-
N/A
2 $307.5K$365K
+18.7%
3 $330.3K$308K
-6.8%
4 $412.5K$595K
+44.2%
5+ $505K$399K
-21.0%

Median Sold Price Compared To Nearby Zip Codes

06043
+4.0%
06232
+0.7%
06248
-9.2%

How many homes are available in 06248, CT?

Number of Homes For Sale

Jan 2023Feb 2023%
107-30.0%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 11
0.0%
3 63
-50.0%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Jan 2023Feb 2023%
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06248, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

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

About 06248, CT

06248, CT has 7 homes on the market. The number of listings in 06248, CT decreased by 30% between January 2023 and February 2023. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 18.7%, 3 bedrooms properties became 6.8% more cheaper, 4 bedrooms properties prices increased by 44.2%, prices of 5 bedrooms properties went down by 21%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 50% less available, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory did not change. In February 2023 more than 1 listings in 06248, CT were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below.