Is 06515, 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, 06515 has remained a Neutral Market.
Key Takeaway
06515 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 06515, CT
How much do homes in 06515, CT cost?
Median Sold Price
$344,953
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06515 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 06515 was $344,953 in May 2024, up 8.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $162.5K | +25.0% |
| 2 Bedrooms | $170.5K | $260K | +52.5% |
| 3 Bedrooms | $310K | $363.7K | +17.3% |
| 4 Bedrooms | $382.5K | $411K | +7.5% |
| 5+ Bedrooms | $492.7K | $560K | +13.6% |
Summary: 06515 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 52.5%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in 06515, CT
How many homes are available in 06515, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 46 | -9.8% |
Summary: The 06515 real estate market had 46 homes for sale in May 2024, a 9.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 06515 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 decreased by 33.3%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06515, 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 06515 in May 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 06515, CT
We’re sorry, we don't have information for this market at the moment
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