Is 06378, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 06378 was a Buyer's Market.
Key Takeaway
06378 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06378, CT
How much do homes in 06378, CT cost?
Median Sold Price
$680,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06378 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 06378 was $680,000 in March 2024, up 2.3% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $551.5K | $597.5K | +8.3% |
| 2 Bedrooms | $550K | $470.5K | -14.5% |
| 3 Bedrooms | $583.5K | $579.9K | -0.6% |
| 4 Bedrooms | $817.5K | $996.2K | +21.9% |
| 5+ Bedrooms | $932.5K | $1.2M | +28.7% |
Summary: 06378 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 28.7%.
Housing Supply in 06378, CT
How many homes are available in 06378, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 39 | +25.8% |
Summary: The 06378 real estate market had 39 homes for sale in March 2024, a 25.8% 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 06378 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 increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06378, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 06378 in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for 06378, CT
We’re sorry, we don't have information for this market at the moment
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