Is 06604, 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, 06604 was a Neutral Market.
Key Takeaway
06604 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06604, CT
How much do homes in 06604, CT cost?
Median Sold Price
$329,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06604 have sold for 34.5% more than they did a year ago.
Summary: The median home sold price in 06604 was $329,500 in May 2024, up 34.5% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $145K | +6.6% |
| 2 Bedrooms | $208.5K | $252K | +20.9% |
| 3 Bedrooms | $305K | $368K | +20.7% |
| 4 Bedrooms | $383.2K | $415K | +8.3% |
| 5+ Bedrooms | $400K | $480K | +20.0% |
Summary: 06604 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 20%.
Housing Supply in 06604, CT
How many homes are available in 06604, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 67 | +21.8% |
Summary: The 06604 real estate market had 67 homes for sale in May 2024, a 21.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 06604 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06604, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 06604 in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% were sold over asking.
Days on Market for 06604, CT
We’re sorry, we don't have information for this market at the moment
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