Is 06615, 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, 06615 was a Seller's Market.
Key Takeaway
06615 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06615, CT
How much do homes in 06615, CT cost?
Median Sold Price
$370,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06615 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 06615 was $370,000 in May 2024, up 5.7% 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 | $195K | $206.5K | +5.9% |
| 2 Bedrooms | $278.5K | $330K | +18.5% |
| 3 Bedrooms | $330.5K | $372.5K | +12.7% |
| 4 Bedrooms | $405K | $412.5K | +1.9% |
| 5+ Bedrooms | $470K | $535K | +13.8% |
Summary: 06615 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in 06615, CT
How many homes are available in 06615, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 57 | +23.9% |
Summary: The 06615 real estate market had 57 homes for sale in May 2024, a 23.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The 06615 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06615, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 06615 in May 2024, down by 41.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for 06615, CT
We’re sorry, we don't have information for this market at the moment
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