Is 06437, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06437 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 06437 was a Seller's Market.

Key Takeaway

06437 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 06437, CT

How much do homes in 06437, CT cost?

Median Sold Price

$560,000

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$37,666(+7.2%)

Key Takeaway

Homes in 06437 have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in 06437 was $560,000 in February 2024, up 7.2% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $202.5K$187.5K
-7.4%
2 $392K$422.5K
+7.8%
3 $466K$529K
+13.5%
4 $650.5K$659.9K
+1.4%
5+ $706.1K$901.5K
+27.7%

Summary: 06437 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 27.7%.

Median Sold Price Compared To Nearby Zip Codes

06405
+13.6%
06472
+9.9%
06437
+7.2%
06443
+7.2%
06471
-6.0%

Housing Supply in 06437, CT

How many homes are available in 06437, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6570+7.7%

Summary: The 06437 real estate market had 70 homes for sale in February 2024, a 7.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 46
+50.0%
2 1313
0.0%
3 2624
-7.7%
4 1720
+17.6%
5+ 57
+40.0%

Summary: The 06437 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1510-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06437, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 06437 in February 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for 06437, 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 27 Days Ago

Newest Listings in 06437, CT

Nearby Markets to 06437, CT