Is 06489, 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, 06489 has remained a Seller's Market.
Housing Prices in 06489, CT
How much do homes in 06489, CT cost?
Median Sold Price
$365,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 06489 was $365,000 in May 2024, up 8.2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $168K | +34.4% |
2 Bedrooms | $250K | $250K | 0.0% |
3 Bedrooms | $340K | $374K | +10.0% |
4 Bedrooms | $546.9K | $507.5K | -7.2% |
5+ Bedrooms | $374.9K | $643.7K | +71.7% |
Summary: 06489 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 71.7%.
Housing Supply in 06489, CT
How many homes are available in 06489, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 112 | +38.3% |
Summary: The 06489 real estate market had 112 homes for sale in May 2024, a 38.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 36 | 55 | +52.8% |
4 Bedrooms | 18 | 26 | +44.4% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 06489 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 52.8%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 28 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 06489 in May 2024, up by 40.0% month-over-month. Of the 28 sold homes, 14% were sold under asking, 7% were sold at asking, and 79% were sold over asking.
Days on Market for 06489, CT
We’re sorry, we don't have information for this market at the moment