Is 06031, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06031 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06031 was a Seller's Market.

Key Takeaway

06031 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 06031, CT

How much do homes in 06031, CT cost?

Median Sold Price

$650,000

$376/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,150(-1.4%)

Key Takeaway

Homes in 06031 have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in 06031 was $650,000 in October 2024, down 1.4% from last year, and the median price per square foot was $376.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $461K$375K
-18.7%
3 $724K$590K
-18.5%
4 $490K$1.0M
+121.4%
5+ $1.7M$3.8M
+121.7%

Summary: 06031 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.7%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 121.4%, and 5+ bedroom homes increased by 121.7%.

Median Sold Price Compared To Nearby Zip Codes

06018
+7.9%
06031
-1.4%
06039
-7.6%
06068
-26.5%

Housing Supply in 06031, CT

How many homes are available in 06031, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10100.0%

Summary: The 06031 real estate market had 10 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 88
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 06031 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06031, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 06031 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 06031, 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 16 Days Ago

Newest Listings in 06031, CT

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