Is 06605, 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, 06605 has remained a Seller's Market.
Key Takeaway
06605 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06605, CT
How much do homes in 06605, CT cost?
Median Sold Price
$370,915
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06605 have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in 06605 was $370,915 in March 2024, up 13.4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.5K | $155K | +11.1% |
| 2 Bedrooms | $264.4K | $275K | +4.0% |
| 3 Bedrooms | $321.3K | $370.9K | +15.4% |
| 4 Bedrooms | $340.5K | $337.2K | -1.0% |
| 5+ Bedrooms | $400K | $440K | +10.0% |
Summary: 06605 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 10%.
Housing Supply in 06605, CT
How many homes are available in 06605, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Summary: The 06605 real estate market had 48 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The 06605 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06605, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 06605 in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for 06605, CT
We’re sorry, we don't have information for this market at the moment
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