Is 06470, 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, 06470 has remained a Seller's Market.
Key Takeaway
06470 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06470, CT
How much do homes in 06470, CT cost?
Median Sold Price
$600,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06470 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 06470 was $600,000 in March 2024, up 14.3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $351.5K | N/A |
| 2 Bedrooms | $409K | $371K | -9.3% |
| 3 Bedrooms | $444.9K | $515K | +15.7% |
| 4 Bedrooms | $601K | $705K | +17.3% |
| 5+ Bedrooms | $822.5K | $1.1M | +38.8% |
Summary: 06470 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 38.8%.
Housing Supply in 06470, CT
How many homes are available in 06470, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 53 | +3.9% |
Summary: The 06470 real estate market had 53 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 06470 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 increased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06470, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 06470 in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 06470, CT
We’re sorry, we don't have information for this market at the moment
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