Is 06401, 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, 06401 has remained a Seller's Market.
Key Takeaway
06401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06401, CT
How much do homes in 06401, CT cost?
Median Sold Price
$346,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06401 have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in 06401 was $346,000 in March 2024, up 15.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $130K | -38.1% |
| 2 Bedrooms | $203K | $228.5K | +12.6% |
| 3 Bedrooms | $307.5K | $330K | +7.3% |
| 4 Bedrooms | $303K | $348.5K | +15.0% |
| 5+ Bedrooms | $350K | $400K | +14.3% |
Summary: 06401 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.1%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 14.3%.
Housing Supply in 06401, CT
How many homes are available in 06401, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The 06401 real estate market had 40 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 06401 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 50%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06401, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 06401 in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for 06401, CT
We’re sorry, we don't have information for this market at the moment
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