Is 06514, 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, 06514 has remained a Seller's Market.
Key Takeaway
06514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06514, CT
How much do homes in 06514, CT cost?
Median Sold Price
$284,450
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06514 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 06514 was $284,450 in March 2024, up 5.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.2K | $150K | +29.0% |
| 2 Bedrooms | $200K | $212K | +6.0% |
| 3 Bedrooms | $280K | $300K | +7.1% |
| 4 Bedrooms | $325K | $326.5K | 0.5% |
| 5+ Bedrooms | $369.9K | $413K | +11.6% |
Summary: 06514 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in 06514, CT
How many homes are available in 06514, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 89 | 84 | -5.6% |
Summary: The 06514 real estate market had 84 homes for sale in March 2024, a 5.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 43 | 35 | -18.6% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The 06514 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06514, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 06514 in March 2024, down by 20.0% month-over-month. Of the 20 sold homes, 25% were sold under asking, 20% were sold at asking, and 55% were sold over asking.
Days on Market for 06514, CT
We’re sorry, we don't have information for this market at the moment
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