Is 06340, 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, 06340 has remained a Seller's Market.
Key Takeaway
06340 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06340, CT
How much do homes in 06340, CT cost?
Median Sold Price
$280,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06340 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 06340 was $280,000 in March 2024, up 7.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $177K | +18.0% |
| 2 Bedrooms | $182.5K | $225K | +23.3% |
| 3 Bedrooms | $280K | $322K | +15.0% |
| 4 Bedrooms | $353.4K | $382.5K | +8.2% |
| 5+ Bedrooms | $385K | $965K | +150.6% |
Summary: 06340 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 150.6%.
Housing Supply in 06340, CT
How many homes are available in 06340, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 58 | +16.0% |
Summary: The 06340 real estate market had 58 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 20 | 24 | +20.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 06340 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06340, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 06340 in March 2024, up by 60.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for 06340, CT
We’re sorry, we don't have information for this market at the moment
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