$3,681 Closing Credit*
$310,000
1,351 SqFt
3 Beds
•1 Full Bath, 1 Partial
Lisa Daniels, Listing Office: ERA Blanchard & Rossetto
Is 06040, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 06040 has remained a Seller's Market.
Key Takeaway
06040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06040, CT
How much do homes in 06040, CT cost?
Median Sold Price
$325,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,000(+14.4%)
Key Takeaway
Homes in 06040 have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in 06040 was $325,000 in November 2024, up 14.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.5K | $102.5K | +10.8% |
| 2 Bedrooms | $191.2K | $233.5K | +22.1% |
| 3 Bedrooms | $279K | $325K | +16.5% |
| 4 Bedrooms | $345K | $377.5K | +9.4% |
| 5+ Bedrooms | $337K | $410K | +21.7% |
Summary: 06040 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in 06040, CT
How many homes are available in 06040, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 84 | -10.6% |
Summary: The 06040 real estate market had 84 homes for sale in November 2024, a 10.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 49 | 43 | -12.2% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 06040 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06040, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 06040 in November 2024, down by 3.7% month-over-month. Of the 26 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for 06040, CT
We’re sorry, we don't have information for this market at the moment
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