Is 06492, 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, 06492 has remained a Seller's Market.
Key Takeaway
06492 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06492, CT
How much do homes in 06492, CT cost?
Median Sold Price
$345,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06492 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 06492 was $345,000 in March 2024, up 7.8% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.1K | $124K | +14.7% |
| 2 Bedrooms | $220K | $262.5K | +19.3% |
| 3 Bedrooms | $329.9K | $353K | +7.0% |
| 4 Bedrooms | $389K | $440K | +13.1% |
| 5+ Bedrooms | $452.5K | $455K | +0.6% |
Summary: 06492 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in 06492, CT
How many homes are available in 06492, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 84 | +2.4% |
Summary: The 06492 real estate market had 84 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 21 | 27 | +28.6% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 06492 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 33 | +32.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06492, you could pay more than the asking price. 75.8% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 06492 in March 2024, up by 32.0% month-over-month. Of the 33 sold homes, 18% were sold under asking, 6% were sold at asking, and 76% were sold over asking.
Days on Market for 06492, CT
We’re sorry, we don't have information for this market at the moment
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