Is 06484, 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, 06484 has remained a Seller's Market.
Key Takeaway
06484 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06484, CT
How much do homes in 06484, CT cost?
Median Sold Price
$469,966
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06484 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 06484 was $469,966 in May 2024, up 6.8% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.5K | $200K | +13.3% |
| 2 Bedrooms | $305K | $342.5K | +12.3% |
| 3 Bedrooms | $431.5K | $468.2K | +8.5% |
| 4 Bedrooms | $596.8K | $649.5K | +8.8% |
| 5+ Bedrooms | $510K | $702.5K | +37.7% |
Summary: 06484 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 37.7%.
Housing Supply in 06484, CT
How many homes are available in 06484, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 123 | 142 | +15.4% |
Summary: The 06484 real estate market had 142 homes for sale in May 2024, a 15.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 0 | -100.0% |
| 2 Bedrooms | 37 | 43 | +16.2% |
| 3 Bedrooms | 42 | 53 | +26.2% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 06484 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 16.2%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06484, you could pay more than the asking price. 59.5% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 06484 in May 2024, up by 8.8% month-over-month. Of the 37 sold homes, 30% were sold under asking, 11% were sold at asking, and 59% were sold over asking.
Days on Market for 06484, CT
We’re sorry, we don't have information for this market at the moment
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