Is 06418, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 06418 has remained a Seller's Market.
Key Takeaway
06418 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06418, CT
How much do homes in 06418, CT cost?
Median Sold Price
$320,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06418 have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in 06418 was $320,000 in April 2024, up 23.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178.4K | $92K | -48.4% |
| 2 Bedrooms | $225K | $260K | +15.6% |
| 3 Bedrooms | $260K | $335K | +28.8% |
| 4 Bedrooms | $320K | $375K | +17.2% |
| 5+ Bedrooms | $342.4K | $390K | +13.9% |
Summary: 06418 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.4%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in 06418, CT
How many homes are available in 06418, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Summary: The 06418 real estate market had 35 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 06418 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06418, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 06418 in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for 06418, CT
We’re sorry, we don't have information for this market at the moment
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