Is 06473, 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, 06473 has remained a Seller's Market.
Key Takeaway
06473 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06473, CT
How much do homes in 06473, CT cost?
Median Sold Price
$406,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06473 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 06473 was $406,000 in May 2024, up 5.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $86K | -65.6% |
| 2 Bedrooms | $290K | $303K | +4.5% |
| 3 Bedrooms | $369.5K | $405.5K | +9.7% |
| 4 Bedrooms | $509K | $465K | -8.6% |
| 5+ Bedrooms | $502K | $535K | +6.6% |
Summary: 06473 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 06473, CT
How many homes are available in 06473, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 75 | +19.0% |
Summary: The 06473 real estate market had 75 homes for sale in May 2024, a 19.0% 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 | 12 | +50.0% |
| 3 Bedrooms | 37 | 43 | +16.2% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 06473 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 50%, 3 bedroom homes increased by 16.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06473, you could pay more than the asking price. 86.4% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 06473 in May 2024, up by 22.2% month-over-month. Of the 22 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for 06473, CT
We’re sorry, we don't have information for this market at the moment
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