Is 06062, 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, 06062 has remained a Seller's Market.
Key Takeaway
06062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06062, CT
How much do homes in 06062, CT cost?
Median Sold Price
$277,250
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06062 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 06062 was $277,250 in May 2024, up 10% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $135K | +18.4% |
| 2 Bedrooms | $190.8K | $245K | +28.4% |
| 3 Bedrooms | $269.5K | $308.5K | +14.5% |
| 4 Bedrooms | $306K | $353.4K | +15.5% |
| 5+ Bedrooms | $220K | $370.2K | +68.3% |
Summary: 06062 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 68.3%.
Housing Supply in 06062, CT
How many homes are available in 06062, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 52 | +57.6% |
Summary: The 06062 real estate market had 52 homes for sale in May 2024, a 57.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 15 | 26 | +73.3% |
| 4 Bedrooms | 6 | 11 | +83.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 06062 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 73.3%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06062, you could pay more than the asking price. 84.6% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 06062 in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 8% were sold under asking, 8% were sold at asking, and 85% were sold over asking.
Days on Market for 06062, CT
We’re sorry, we don't have information for this market at the moment
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