Is 06106, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06106 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06106 has remained a Seller's Market.

Key Takeaway

06106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06106, CT

How much do homes in 06106, CT cost?

Median Sold Price

$300,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,050(+15.4%)

Key Takeaway

Homes in 06106 have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in 06106 was $300,000 in November 2024, up 15.4% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $75.2K$76K
+1.0%
2 $198K$234.9K
+18.7%
3 $220K$275K
+25.0%
4 $252.5K$295K
+16.8%
5+ $340K$390K
+14.7%

Summary: 06106 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 14.7%.

Median Sold Price Compared To Nearby Zip Codes

06114
+24.0%
06106
+15.4%
06105
-11.5%

Housing Supply in 06106, CT

How many homes are available in 06106, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7166-7.0%

Summary: The 06106 real estate market had 66 homes for sale in November 2024, a 7.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 57
+40.0%
3 2525
0.0%
4 1314
+7.7%
5+ 2618
-30.8%

Summary: The 06106 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 30.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1214+16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06106, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 06106 in November 2024, up by 16.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% were sold over asking.

Days on Market for 06106, 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 06106, CT

Nearby Markets to 06106, CT