Is 06489, 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, 06489 has remained a Seller's Market.
Key Takeaway
06489 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06489, CT
How much do homes in 06489, CT cost?
Median Sold Price
$360,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06489 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 06489 was $360,000 in March 2024, up 4.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $168K | +29.2% |
| 2 Bedrooms | $256.4K | $243.5K | -5.0% |
| 3 Bedrooms | $340K | $365K | +7.4% |
| 4 Bedrooms | $546.9K | $480K | -12.2% |
| 5+ Bedrooms | $375K | $569.3K | +51.8% |
Summary: 06489 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.2%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 51.8%.
Housing Supply in 06489, CT
How many homes are available in 06489, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 68 | 67 | -1.5% |
Summary: The 06489 real estate market had 67 homes for sale in March 2024, a 1.5% decrease 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 | 14 | 16 | +14.3% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 06489 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 14.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06489, you could pay more than the asking price. 76.2% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 06489 in March 2024, up by 31.3% month-over-month. Of the 21 sold homes, 19% were sold under asking, 5% were sold at asking, and 76% were sold over asking.
Days on Market for 06489, CT
We’re sorry, we don't have information for this market at the moment
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