Is 06089, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06089 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06089 has remained a Seller's Market.

Key Takeaway

06089 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06089, CT

How much do homes in 06089, CT cost?

Median Sold Price

$355,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$31,000(-8.0%)

Key Takeaway

Homes in 06089 have sold for 8% less than they did a year ago.

Summary: The median home sold price in 06089 was $355,000 in October 2024, down 8% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$170K
+13.3%
2 $272.5K$265K
-2.8%
3 $350K$365K
+4.3%
4 $415K$437.5K
+5.4%
5+ $680K$660K
-2.9%

Summary: 06089 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

06001
+8.7%
06070
+4.4%
06089
-8.0%

Housing Supply in 06089, CT

How many homes are available in 06089, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
914+55.6%

Summary: The 06089 real estate market had 14 homes for sale in October 2024, a 55.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 23
+50.0%
3 23
+50.0%
4 24
+100.0%
5+ 33
0.0%

Summary: The 06089 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
05+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06089, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 06089 in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 06089, 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 06089, CT

Nearby Markets to 06089, CT