Is 06606, 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, 06606 has remained a Seller's Market.
Key Takeaway
06606 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06606, CT
How much do homes in 06606, CT cost?
Median Sold Price
$350,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06606 have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in 06606 was $350,000 in March 2024, up 11.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.5K | $167.5K | +8.4% |
| 2 Bedrooms | $217.9K | $225.2K | +3.3% |
| 3 Bedrooms | $315K | $345K | +9.5% |
| 4 Bedrooms | $340K | $402.5K | +18.4% |
| 5+ Bedrooms | $440.3K | $483K | +9.7% |
Summary: 06606 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 06606, CT
How many homes are available in 06606, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 114 | 120 | +5.3% |
Summary: The 06606 real estate market had 120 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 46 | 51 | +10.9% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 24 | 19 | -20.8% |
Summary: The 06606 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 remained the same, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 20.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06606, you could pay more than the asking price. 64.5% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 06606 in March 2024, up by 29.2% month-over-month. Of the 31 sold homes, 29% were sold under asking, 6% were sold at asking, and 65% were sold over asking.
Days on Market for 06606, CT
We’re sorry, we don't have information for this market at the moment
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