Is 06478, 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, 06478 has remained a Seller's Market.
Key Takeaway
06478 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06478, CT
How much do homes in 06478, CT cost?
Median Sold Price
$540,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06478 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 06478 was $540,000 in April 2024, up 12.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.5K | $280K | -6.5% |
| 2 Bedrooms | $492.5K | $537.5K | +9.1% |
| 3 Bedrooms | $425.6K | $455.9K | +7.1% |
| 4 Bedrooms | $560K | $621.2K | +10.9% |
| 5+ Bedrooms | $675K | $762.5K | +13.0% |
Summary: 06478 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 13%.
Housing Supply in 06478, CT
How many homes are available in 06478, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Summary: The 06478 real estate market had 41 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 06478 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06478, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 06478 in April 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for 06478, CT
We’re sorry, we don't have information for this market at the moment
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