Is 06371, 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, 06371 has remained a Seller's Market.
Key Takeaway
06371 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06371, CT
How much do homes in 06371, CT cost?
Median Sold Price
$623,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06371 have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in 06371 was $623,000 in March 2024, up 13.9% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $252K | +7.2% |
| 2 Bedrooms | $455K | $423.7K | -6.9% |
| 3 Bedrooms | $479.9K | $630K | +31.3% |
| 4 Bedrooms | $650K | $650.5K | 0.1% |
| 5+ Bedrooms | $710K | $1.0M | +41.9% |
Summary: 06371 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 41.9%.
Housing Supply in 06371, CT
How many homes are available in 06371, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 49 | +22.5% |
Summary: The 06371 real estate market had 49 homes for sale in March 2024, a 22.5% 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 | 5 | 8 | +60.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 06371 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 60%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06371, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 06371 in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for 06371, CT
We’re sorry, we don't have information for this market at the moment
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