Is 06420, 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, 06420 was a Seller's Market.
Key Takeaway
06420 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06420, CT
How much do homes in 06420, CT cost?
Median Sold Price
$400,013
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06420 have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in 06420 was $400,013 in March 2024, up 23.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $115K | +29.2% |
| 2 Bedrooms | $110K | $276K | +150.9% |
| 3 Bedrooms | $319K | $372K | +16.6% |
| 4 Bedrooms | $474.5K | $502K | +5.8% |
| 5+ Bedrooms | $556.9K | $613K | +10.1% |
Summary: 06420 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.2%, 2 bedroom homes increased by 150.9%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 10.1%.
Housing Supply in 06420, CT
How many homes are available in 06420, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 06420 real estate market had 9 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 06420 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 06420, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 06420 in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 06420, CT
We’re sorry, we don't have information for this market at the moment
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