Is 06416, 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, 06416 has remained a Seller's Market.
Housing Prices in 06416, CT
How much do homes in 06416, CT cost?
Median Sold Price
$303,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 06416 was $303,000 in May 2024, up 5.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $155K | +14.8% |
2 Bedrooms | $215K | $230K | +7.0% |
3 Bedrooms | $349K | $355.5K | +1.9% |
4 Bedrooms | $424K | $475K | +12.0% |
5+ Bedrooms | $428.5K | $727.5K | +69.8% |
Summary: 06416 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 69.8%.
Housing Supply in 06416, CT
How many homes are available in 06416, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 70 | +29.6% |
Summary: The 06416 real estate market had 70 homes for sale in May 2024, a 29.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 20 | 26 | +30.0% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 06416 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 increased by 30%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 06416 in May 2024, up by 63.6% month-over-month. Of the 18 sold homes, 28% were sold under asking, 11% were sold at asking, and 61% were sold over asking.
Days on Market for 06416, CT
We’re sorry, we don't have information for this market at the moment