Is 06611, 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, 06611 has remained a Seller's Market.
Key Takeaway
06611 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06611, CT
How much do homes in 06611, CT cost?
Median Sold Price
$576,416
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06611 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 06611 was $576,416 in April 2024, up 7.8% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289.9K | $399K | +37.6% |
| 2 Bedrooms | $410K | $437.7K | +6.8% |
| 3 Bedrooms | $500.5K | $519.7K | +3.8% |
| 4 Bedrooms | $632.5K | $703K | +11.1% |
| 5+ Bedrooms | $685K | $685K | 0.0% |
Summary: 06611 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.6%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes did not change.
Housing Supply in 06611, CT
How many homes are available in 06611, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 99 | +17.9% |
Summary: The 06611 real estate market had 99 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 30 | 35 | +16.7% |
| 4 Bedrooms | 41 | 45 | +9.8% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 06611 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06611, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 06611 in April 2024, up by 66.7% month-over-month. Of the 25 sold homes, 36% were sold under asking, 4% were sold at asking, and 60% were sold over asking.
Days on Market for 06611, CT
We’re sorry, we don't have information for this market at the moment
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