Is 06450, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 06450 has remained a Seller's Market.
Key Takeaway
06450 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06450, CT
How much do homes in 06450, CT cost?
Median Sold Price
$268,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06450 have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in 06450 was $268,000 in March 2024, up 12.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.9K | $100K | +17.8% |
| 2 Bedrooms | $170K | $219K | +28.8% |
| 3 Bedrooms | $260K | $295K | +13.5% |
| 4 Bedrooms | $281.5K | $308.5K | +9.6% |
| 5+ Bedrooms | $294.9K | $340K | +15.3% |
Summary: 06450 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in 06450, CT
How many homes are available in 06450, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 71 | -18.4% |
Summary: The 06450 real estate market had 71 homes for sale in March 2024, a 18.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 12 | 6 | -50.0% |
Summary: The 06450 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 20 | -42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06450, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 06450 in March 2024, down by 42.9% month-over-month. Of the 20 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for 06450, CT
We’re sorry, we don't have information for this market at the moment
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