Is 06001, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06001 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06001 has remained a Seller's Market.

Key Takeaway

06001 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06001, CT

How much do homes in 06001, CT cost?

Median Sold Price

$525,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$67,508(+14.8%)

Key Takeaway

Homes in 06001 have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in 06001 was $525,000 in November 2024, up 14.8% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $145K$216.6K
+49.4%
2 $301K$298.9K
-0.7%
3 $395K$451K
+14.2%
4 $616K$677.5K
+10.0%
5+ $987K$979.5K
-0.8%

Summary: 06001 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.4%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

06085
+16.5%
06092
+15.3%
06001
+14.8%
06070
+3.3%
06089
-4.6%

Housing Supply in 06001, CT

How many homes are available in 06001, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8881-8.0%

Summary: The 06001 real estate market had 81 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1514
-6.7%
3 2924
-17.2%
4 3028
-6.7%
5+ 1213
+8.3%

Summary: The 06001 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
19190.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06001, you could pay more than the asking price. 84.2% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 06001 in November 2024, the same as the previous month. Of the 19 sold homes, 16% were sold under asking, 0% were sold at asking, and 84% were sold over asking.

Days on Market for 06001, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 06001, CT

Nearby Markets to 06001, CT