Is 06498, 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, 06498 has remained a Seller's Market.
Key Takeaway
06498 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06498, CT
How much do homes in 06498, CT cost?
Median Sold Price
$522,500
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06498 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 06498 was $522,500 in March 2024, up 7.3% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $348.5K | $129.9K | -62.7% |
| 2 Bedrooms | $360K | $274K | -23.9% |
| 3 Bedrooms | $495K | $576K | +16.4% |
| 4 Bedrooms | $575K | $635K | +10.4% |
| 5+ Bedrooms | $650K | $857.5K | +31.9% |
Summary: 06498 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.7%, 2 bedroom homes decreased by 23.9%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 31.9%.
Housing Supply in 06498, CT
How many homes are available in 06498, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The 06498 real estate market had 31 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06498 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 06498, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 06498 in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 06498, CT
We’re sorry, we don't have information for this market at the moment
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