$3,324 Closing Credit*
$279,900
1,202 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jade Harris, Listing Office: Rainbow Realty
Is 06040, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$320,666
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,666(+14.9%)
Key Takeaway
Homes in 06040 have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in 06040 was $320,666 in October 2024, up 14.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | $102.2K | +11.1% |
| 2 Bedrooms | $191.2K | $232K | +21.3% |
| 3 Bedrooms | $275K | $315K | +14.5% |
| 4 Bedrooms | $345K | $370K | +7.2% |
| 5+ Bedrooms | $335K | $410K | +22.4% |
Summary: 06040 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 22.4%.
Housing Supply in 06040, CT
How many homes are available in 06040, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 87 | +1.2% |
Summary: The 06040 real estate market had 87 homes for sale in October 2024, a 1.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 9 | 2 | -77.8% |
Summary: The 06040 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 increased by 40%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 77.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06040, you could pay more than the asking price. 73.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 06040 in October 2024, down by 20.7% month-over-month. Of the 23 sold homes, 26% were sold under asking, 0% were sold at asking, and 74% 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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