Is 06074, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06074 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06074 has remained a Seller's Market.

Key Takeaway

06074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06074, CT

How much do homes in 06074, CT cost?

Median Sold Price

$404,500

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$47,500(+13.3%)

Key Takeaway

Homes in 06074 have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in 06074 was $404,500 in October 2024, up 13.3% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $151.1K$178K
+17.7%
2 $275K$307.5K
+11.8%
3 $360K$406K
+12.8%
4 $502K$515K
+2.6%
5+ $490.7K$650K
+32.4%

Summary: 06074 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 32.4%.

Median Sold Price Compared To Nearby Zip Codes

06108
+14.5%
06074
+13.3%
06066
+10.1%
06042
+9.0%
06016
+3.6%

Housing Supply in 06074, CT

How many homes are available in 06074, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
96960.0%

Summary: The 06074 real estate market had 96 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 76
-14.3%
2 2126
+23.8%
3 3832
-15.8%
4 2021
+5.0%
5+ 1011
+10.0%

Summary: The 06074 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 23.8%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3025-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06074, you could pay more than the asking price. 76% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 06074 in October 2024, down by 16.7% month-over-month. Of the 25 sold homes, 12% were sold under asking, 12% were sold at asking, and 76% were sold over asking.

Days on Market for 06074, 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 4 Days Ago

Newest Listings in 06074, CT

Nearby Markets to 06074, CT