Is 06107, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06107 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06107 has remained a Seller's Market.

Key Takeaway

06107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06107, CT

How much do homes in 06107, CT cost?

Median Sold Price

$550,000

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$80,000(+17.0%)

Key Takeaway

Homes in 06107 have sold for 17% more than they did a year ago.

Summary: The median home sold price in 06107 was $550,000 in October 2024, up 17% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $197.5K$212.4K
+7.6%
2 $323K$430K
+33.1%
3 $450K$500K
+11.1%
4 $600K$662.7K
+10.5%
5+ $788K$780K
-1.0%

Summary: 06107 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 33.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Zip Codes

06032
+31.1%
06119
+17.3%
06107
+17.0%
06117
+16.7%
06110
+10.4%

Housing Supply in 06107, CT

How many homes are available in 06107, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7176+7.0%

Summary: The 06107 real estate market had 76 homes for sale in October 2024, a 7.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 53
-40.0%
2 1315
+15.4%
3 2730
+11.1%
4 2222
0.0%
5+ 46
+50.0%

Summary: The 06107 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2227+22.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06107, you could pay more than the asking price. 70.4% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 06107 in October 2024, up by 22.7% month-over-month. Of the 27 sold homes, 15% were sold under asking, 15% were sold at asking, and 70% were sold over asking.

Days on Market for 06107, 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 5 Days Ago

Newest Listings in 06107, CT

Nearby Markets to 06107, CT