Is 06053, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 06053 was a Seller's Market.
Key Takeaway
06053 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 06053, CT
How much do homes in 06053, CT cost?
Median Sold Price
$265,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06053 have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in 06053 was $265,000 in May 2024, up 14.5% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.5K | $105K | +11.1% |
| 2 Bedrooms | $185K | $210K | +13.5% |
| 3 Bedrooms | $237K | $275K | +16.0% |
| 4 Bedrooms | $243K | $272.5K | +12.1% |
| 5+ Bedrooms | $316K | $384K | +21.5% |
Summary: 06053 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 21.5%.
Housing Supply in 06053, CT
How many homes are available in 06053, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 71 | +36.5% |
Summary: The 06053 real estate market had 71 homes for sale in May 2024, a 36.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 20 | 36 | +80.0% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 06053 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
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 06053, 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 06053 in May 2024, down by 8.3% 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 06053, CT
We’re sorry, we don't have information for this market at the moment
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