Is 06062, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06062 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06062 has remained a Seller's Market.

Key Takeaway

06062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06062, CT

How much do homes in 06062, CT cost?

Median Sold Price

$306,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,000(+17.7%)

Key Takeaway

Homes in 06062 have sold for 17.7% more than they did a year ago.

Summary: The median home sold price in 06062 was $306,000 in October 2024, up 17.7% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $126K$190K
+50.8%
2 $223.5K$245K
+9.6%
3 $287.6K$340K
+18.2%
4 $320K$376.2K
+17.6%
5+ $340K$407K
+19.7%

Summary: 06062 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 19.7%.

Median Sold Price Compared To Nearby Zip Codes

06032
+31.1%
06062
+17.7%
06053
+16.7%
06489
+10.0%

Housing Supply in 06062, CT

How many homes are available in 06062, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5046-8.0%

Summary: The 06062 real estate market had 46 homes for sale in October 2024, a 8.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 47
+75.0%
3 2923
-20.7%
4 910
+11.1%
5+ 54
-20.0%

Summary: The 06062 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1319+46.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06062, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 06062 in October 2024, up by 46.2% month-over-month. Of the 19 sold homes, 21% were sold under asking, 37% were sold at asking, and 42% were sold over asking.

Days on Market for 06062, 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 06062, CT

Nearby Markets to 06062, CT