Is 06032, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06032 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06032 has remained a Seller's Market.

Key Takeaway

06032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06032, CT

How much do homes in 06032, CT cost?

Median Sold Price

$508,500

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$120,500(+31.1%)

Key Takeaway

Homes in 06032 have sold for 31.1% more than they did a year ago.

Summary: The median home sold price in 06032 was $508,500 in October 2024, up 31.1% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $129.5K$181.5K
+40.2%
2 $257.5K$300K
+16.5%
3 $400K$505K
+26.3%
4 $610K$762.5K
+25.0%
5+ $1.2M$1.2M
+2.1%

Summary: 06032 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.2%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

06032
+31.1%
06085
+20.0%
06062
+17.7%
06107
+17.0%
06053
+16.7%

Housing Supply in 06032, CT

How many homes are available in 06032, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7570-6.7%

Summary: The 06032 real estate market had 70 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1618
+12.5%
3 2123
+9.5%
4 1913
-31.6%
5+ 1713
-23.5%

Summary: The 06032 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes decreased by 23.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2617-34.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06032, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 06032 in October 2024, down by 34.6% month-over-month. Of the 17 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% were sold over asking.

Days on Market for 06032, 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 21 Days Ago

Newest Listings in 06032, CT

Nearby Markets to 06032, CT