Is 06517, 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, 06517 was a Neutral Market.
Key Takeaway
06517 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06517, CT
How much do homes in 06517, CT cost?
Median Sold Price
$350,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06517 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 06517 was $350,000 in March 2024, up 7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128K | $166.5K | +30.1% |
| 2 Bedrooms | $214K | $245K | +14.5% |
| 3 Bedrooms | $342K | $347.5K | +1.6% |
| 4 Bedrooms | $380K | $390K | +2.6% |
| 5+ Bedrooms | $532.5K | $525K | -1.4% |
Summary: 06517 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.1%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 06517, CT
How many homes are available in 06517, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The 06517 real estate market had 36 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 06517 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06517, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 06517 in March 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for 06517, CT
We’re sorry, we don't have information for this market at the moment
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