Is 06614, 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, 06614 has remained a Seller's Market.
Key Takeaway
06614 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06614, CT
How much do homes in 06614, CT cost?
Median Sold Price
$407,431
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06614 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 06614 was $407,431 in March 2024, up 5.8% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $230K | +3.4% |
| 2 Bedrooms | $325.1K | $350K | +7.6% |
| 3 Bedrooms | $395K | $415K | +5.1% |
| 4 Bedrooms | $460K | $480K | +4.3% |
| 5+ Bedrooms | $500K | $540K | +8.0% |
Summary: 06614 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 8%.
Housing Supply in 06614, CT
How many homes are available in 06614, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 107 | 103 | -3.7% |
Summary: The 06614 real estate market had 103 homes for sale in March 2024, a 3.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 53 | 52 | -1.9% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 06614 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06614, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 06614 in March 2024, the same as the previous month. Of the 28 sold homes, 14% were sold under asking, 7% were sold at asking, and 79% were sold over asking.
Days on Market for 06614, CT
We’re sorry, we don't have information for this market at the moment
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