Is 06374, 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, 06374 has remained a Seller's Market.
Key Takeaway
06374 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06374, CT
How much do homes in 06374, CT cost?
Median Sold Price
$279,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06374 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 06374 was $279,000 in May 2024, up 4.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.2K | $109K | +67.2% |
| 2 Bedrooms | $200.7K | $220K | +9.6% |
| 3 Bedrooms | $280K | $289.9K | +3.5% |
| 4 Bedrooms | $315K | $326.1K | +3.5% |
| 5+ Bedrooms | $301.5K | $309.9K | +2.8% |
Summary: 06374 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.2%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in 06374, CT
How many homes are available in 06374, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The 06374 real estate market had 41 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 06374 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06374, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 06374 in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for 06374, CT
How long does it take to sell a home in 06374, 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 06374 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in 06374; 11% 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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