Is 06026, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06026 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 06026 was a Neutral Market.

Key Takeaway

06026 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06026, CT

How much do homes in 06026, CT cost?

Median Sold Price

$407,500

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$57,500(+16.4%)

Key Takeaway

Homes in 06026 have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in 06026 was $407,500 in November 2024, up 16.4% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$158K
+17.0%
2 $175.9K$180K
+2.3%
3 $345K$371K
+7.5%
4 $449K$515K
+14.7%
5+ $416.5K$700K
+68.1%

Summary: 06026 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 68.1%.

Median Sold Price Compared To Nearby Zip Codes

06026
+16.4%
06096
+12.1%
06035
+11.2%

Housing Supply in 06026, CT

How many homes are available in 06026, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1511-26.7%

Summary: The 06026 real estate market had 11 homes for sale in November 2024, a 26.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 33
0.0%
4 75
-28.6%
5+ 10
-100.0%

Summary: The 06026 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06026, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 06026 in November 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 06026, CT

How long does it take to sell a home in 06026, CT?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 06026 has remained consistent over time.

Summary: During November 2024, 5 homes were sold in 06026; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 22 Days Ago

Newest Listings in 06026, CT

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