Is 06477, 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, 06477 was a Seller's Market.
Key Takeaway
06477 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 06477, CT
How much do homes in 06477, CT cost?
Median Sold Price
$541,500
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06477 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 06477 was $541,500 in May 2024, up 10.5% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240.2K | $327.5K | +36.3% |
| 2 Bedrooms | $409.1K | $410K | 0.2% |
| 3 Bedrooms | $493.7K | $565K | +14.4% |
| 4 Bedrooms | $542.4K | $602.5K | +11.1% |
| 5+ Bedrooms | $750K | $640K | -14.7% |
Summary: 06477 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.3%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 14.7%.
Housing Supply in 06477, CT
How many homes are available in 06477, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 42 | +55.6% |
Summary: The 06477 real estate market had 42 homes for sale in May 2024, a 55.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 06477 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06477, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 06477 in May 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for 06477, CT
We’re sorry, we don't have information for this market at the moment
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