Is 06422, 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, 06422 was a Seller's Market.
Key Takeaway
06422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06422, CT
How much do homes in 06422, CT cost?
Median Sold Price
$429,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06422 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 06422 was $429,000 in March 2024, up 10.3% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.2K | $324.5K | +147.2% |
| 2 Bedrooms | $282.5K | $362.5K | +28.3% |
| 3 Bedrooms | $394.5K | $375K | -4.9% |
| 4 Bedrooms | $480K | $537.5K | +12.0% |
| 5+ Bedrooms | $780K | $510K | -34.6% |
Summary: 06422 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 147.2%, 2 bedroom homes increased by 28.3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 34.6%.
Housing Supply in 06422, CT
How many homes are available in 06422, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The 06422 real estate market had 11 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 06422 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
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 06422, 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 06422 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 06422, CT
We’re sorry, we don't have information for this market at the moment
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