Is 06484, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 06484 has remained a Seller's Market.
Key Takeaway
06484 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06484, CT
How much do homes in 06484, CT cost?
Median Sold Price
$460,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06484 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 06484 was $460,000 in April 2024, up 4% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.5K | $208.7K | +18.3% |
| 2 Bedrooms | $305K | $330K | +8.2% |
| 3 Bedrooms | $435K | $466.4K | +7.2% |
| 4 Bedrooms | $599.3K | $632.5K | +5.5% |
| 5+ Bedrooms | $510K | $600K | +17.6% |
Summary: 06484 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in 06484, CT
How many homes are available in 06484, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 122 | +9.9% |
Summary: The 06484 real estate market had 122 homes for sale in April 2024, a 9.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 28 | 36 | +28.6% |
| 3 Bedrooms | 44 | 44 | 0.0% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 06484 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06484, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 06484 in April 2024, up by 21.4% month-over-month. Of the 34 sold homes, 29% were sold under asking, 9% were sold at asking, and 62% were sold over asking.
Days on Market for 06484, CT
We’re sorry, we don't have information for this market at the moment
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