Is 06511, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 06511 was a Seller's Market.
Key Takeaway
06511 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06511, CT
How much do homes in 06511, CT cost?
Median Sold Price
$379,250
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06511 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 06511 was $379,250 in March 2024, up 12.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $171K | -5.0% |
| 2 Bedrooms | $310K | $350K | +12.9% |
| 3 Bedrooms | $287.5K | $317.5K | +10.4% |
| 4 Bedrooms | $350K | $370.7K | +5.9% |
| 5+ Bedrooms | $468.5K | $440K | -6.1% |
Summary: 06511 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 06511, CT
How many homes are available in 06511, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 126 | 133 | +5.6% |
Summary: The 06511 real estate market had 133 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 77 | 74 | -3.9% |
Summary: The 06511 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 increased by 23.1%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 3.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06511, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 06511 in March 2024, down by 42.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for 06511, CT
We’re sorry, we don't have information for this market at the moment
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