Is 06614, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$410,333
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06614 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 06614 was $410,333 in April 2024, up 7.8% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $225K | 0.0% |
| 2 Bedrooms | $325K | $360K | +10.8% |
| 3 Bedrooms | $395K | $420K | +6.3% |
| 4 Bedrooms | $457.5K | $480K | +4.9% |
| 5+ Bedrooms | $500K | $506.2K | +1.3% |
Summary: 06614 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in 06614, CT
How many homes are available in 06614, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 139 | +25.2% |
Summary: The 06614 real estate market had 139 homes for sale in April 2024, a 25.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 20 | +33.3% |
| 2 Bedrooms | 17 | 28 | +64.7% |
| 3 Bedrooms | 58 | 65 | +12.1% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 06614 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 64.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 41 | +41.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06614, you could pay more than the asking price. 68.3% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in 06614 in April 2024, up by 41.4% month-over-month. Of the 41 sold homes, 24% were sold under asking, 7% were sold at asking, and 68% were sold over asking.
Days on Market for 06614, CT
How long does it take to sell a home in 06614, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 06614 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 41 homes were sold in 06614; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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