Is 06403, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06403 is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, 06403 was a Seller's Market.

Key Takeaway

06403 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 06403, CT

How much do homes in 06403, CT cost?

Median Sold Price

$387,250

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$36,250(+10.3%)

Key Takeaway

Homes in 06403 have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in 06403 was $387,250 in September 2024, up 10.3% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $52.5K$82.5K
+57.1%
2 $278.3K$277.5K
-0.3%
3 $385K$387K
0.5%
4 $553.5K$470K
-15.1%
5+ $783K$395K
-49.6%

Summary: 06403 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.1%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 49.6%.

Median Sold Price Compared To Nearby Zip Codes

06483
+11.8%
06403
+10.3%
06478
+8.0%
06770
+6.9%
06524
-1.6%

Housing Supply in 06403, CT

How many homes are available in 06403, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
19190.0%

Summary: The 06403 real estate market had 19 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 64
-33.3%
3 811
+37.5%
4 32
-33.3%
5+ 11
0.0%

Summary: The 06403 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06403, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 06403 in September 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 06403, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in 06403, CT

Nearby Markets to 06403, CT