Is 06512, 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, 06512 has remained a Seller's Market.
Key Takeaway
06512 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06512, CT
How much do homes in 06512, CT cost?
Median Sold Price
$325,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06512 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 06512 was $325,000 in March 2024, up 7.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.5K | $116.7K | +9.6% |
| 2 Bedrooms | $260K | $264K | +1.5% |
| 3 Bedrooms | $303.2K | $329.9K | +8.8% |
| 4 Bedrooms | $347.5K | $355K | +2.2% |
| 5+ Bedrooms | $393K | $406K | +3.3% |
Summary: 06512 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in 06512, CT
How many homes are available in 06512, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 83 | 87 | +4.8% |
Summary: The 06512 real estate market had 87 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 32 | 35 | +9.4% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 06512 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06512, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 06512 in March 2024, up by 16.7% month-over-month. Of the 21 sold homes, 24% were sold under asking, 14% were sold at asking, and 62% were sold over asking.
Days on Market for 06512, CT
We’re sorry, we don't have information for this market at the moment
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