Is 06460, 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, 06460 has remained a Seller's Market.
Key Takeaway
06460 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06460, CT
How much do homes in 06460, CT cost?
Median Sold Price
$433,750
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06460 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 06460 was $433,750 in March 2024, up 4.3% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $230K | +12.2% |
| 2 Bedrooms | $310.9K | $330K | +6.1% |
| 3 Bedrooms | $450K | $450K | 0.0% |
| 4 Bedrooms | $550K | $607.5K | +10.5% |
| 5+ Bedrooms | $947.5K | $699.5K | -26.2% |
Summary: 06460 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 6.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 26.2%.
Housing Supply in 06460, CT
How many homes are available in 06460, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 105 | 128 | +21.9% |
Summary: The 06460 real estate market had 128 homes for sale in March 2024, a 21.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 10 | +66.7% |
| 2 Bedrooms | 21 | 24 | +14.3% |
| 3 Bedrooms | 52 | 58 | +11.5% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 06460 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06460, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 06460 in March 2024, up by 36.8% month-over-month. Of the 26 sold homes, 35% were sold under asking, 12% were sold at asking, and 54% were sold over asking.
Days on Market for 06460, CT
We’re sorry, we don't have information for this market at the moment
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