Is 06042, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 06042 has remained a Seller's Market.
Housing Prices in 06042, CT
How much do homes in 06042, CT cost?
Median Sold Price
$285,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 06042 was $285,000 in May 2024, up 9.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121K | $100K | -17.4% |
2 Bedrooms | $191K | $235K | +23.0% |
3 Bedrooms | $270K | $300K | +11.1% |
4 Bedrooms | $300K | $349K | +16.3% |
5+ Bedrooms | $287.4K | $393K | +36.7% |
Summary: 06042 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 36.7%.
Housing Supply in 06042, CT
How many homes are available in 06042, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Summary: The 06042 real estate market had 47 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 06042 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 06042 in May 2024, down by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 06042, CT
We’re sorry, we don't have information for this market at the moment