Is 06331, 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, 06331 has remained a Seller's Market.
Key Takeaway
06331 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06331, CT
How much do homes in 06331, CT cost?
Median Sold Price
$340,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06331 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 06331 was $340,000 in March 2024, up 3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $245.3K | -10.8% |
| 3 Bedrooms | $339K | $365K | +7.7% |
| 4 Bedrooms | $445.5K | $375K | -15.8% |
| 5+ Bedrooms | $297.5K | $340K | +14.3% |
Summary: 06331 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 10.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 14.3%.
Housing Supply in 06331, CT
How many homes are available in 06331, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The 06331 real estate market had 8 homes for sale in March 2024, a 27.3% decrease 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 | 3 | +200.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 06331 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 200%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 06331, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 06331 in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 06331, CT
We’re sorry, we don't have information for this market at the moment
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