Is 06605, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 06605 was a Neutral Market.
Key Takeaway
06605 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06605, CT
How much do homes in 06605, CT cost?
Median Sold Price
$370,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06605 have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in 06605 was $370,000 in April 2024, up 12.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.7K | $156K | +7.8% |
| 2 Bedrooms | $264.9K | $280K | +5.7% |
| 3 Bedrooms | $323.8K | $370K | +14.3% |
| 4 Bedrooms | $400K | $337.2K | -15.7% |
| 5+ Bedrooms | $410K | $437.5K | +6.7% |
Summary: 06605 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 06605, CT
How many homes are available in 06605, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 40 | -18.4% |
Summary: The 06605 real estate market had 40 homes for sale in April 2024, a 18.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 3 | -50.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The 06605 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06605, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 06605 in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for 06605, CT
We’re sorry, we don't have information for this market at the moment
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