Is 06457, 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, 06457 has remained a Seller's Market.
Key Takeaway
06457 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06457, CT
How much do homes in 06457, CT cost?
Median Sold Price
$291,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06457 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 06457 was $291,000 in April 2024, up 5.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $152.6K | +32.7% |
| 2 Bedrooms | $180K | $220K | +22.2% |
| 3 Bedrooms | $295K | $325.5K | +10.3% |
| 4 Bedrooms | $323.1K | $350K | +8.3% |
| 5+ Bedrooms | $312K | $375K | +20.2% |
Summary: 06457 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Zip Codes
| 06416 | $270K | $301K | +11.5% |
| 06457 | $275.6K | $291K | +5.6% |
Housing Supply in 06457, CT
How many homes are available in 06457, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 117 | 122 | +4.3% |
Summary: The 06457 real estate market had 122 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 40 | 36 | -10.0% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 20 | 25 | +25.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 06457 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06457, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 06457 in April 2024, down by 2.9% month-over-month. Of the 34 sold homes, 24% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for 06457, CT
We’re sorry, we don't have information for this market at the moment
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