Is 06068, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06068 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06068 was a Seller's Market.

Key Takeaway

06068 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 06068, CT

How much do homes in 06068, CT cost?

Median Sold Price

$845,000

$475/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$305,000(-26.5%)

Key Takeaway

Homes in 06068 have sold for 26.5% less than they did a year ago.

Summary: The median home sold price in 06068 was $845,000 in October 2024, down 26.5% from last year, and the median price per square foot was $475.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $457.3K$355K
-22.4%
2 $430K$379.5K
-11.7%
3 $795K$750K
-5.7%
4 $1.9M$1.8M
-5.9%
5+ $4.4M$1.4M
-67.4%

Summary: 06068 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 67.4%.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 06068, CT

How many homes are available in 06068, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
910+11.1%

Summary: The 06068 real estate market had 10 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 65
-16.7%
4 34
+33.3%
5+ 00
0.0%

Summary: The 06068 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 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, 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 06068, 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 06068 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 06068, 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 06068, CT

Nearby Markets to 06068, CT