Is 06108, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06108 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06108 has remained a Seller's Market.

Key Takeaway

06108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06108, CT

How much do homes in 06108, CT cost?

Median Sold Price

$285,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,050(+14.5%)

Key Takeaway

Homes in 06108 have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in 06108 was $285,000 in October 2024, up 14.5% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $104.9K$90K
-14.2%
2 $216.2K$232.5K
+7.5%
3 $248K$285K
+14.9%
4 $282.5K$300K
+6.2%
5+ $275K$367.5K
+33.6%

Summary: 06108 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 33.6%.

Median Sold Price Compared To Nearby Zip Codes

06114
+23.0%
06120
+21.9%
06108
+14.5%
06118
+11.0%

Housing Supply in 06108, CT

How many homes are available in 06108, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6364+1.6%

Summary: The 06108 real estate market had 64 homes for sale in October 2024, a 1.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 1010
0.0%
3 2629
+11.5%
4 1012
+20.0%
5+ 1411
-21.4%

Summary: The 06108 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1118+63.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06108, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 06108 in October 2024, up by 63.6% month-over-month. Of the 18 sold homes, 11% were sold under asking, 6% were sold at asking, and 83% were sold over asking.

Days on Market for 06108, 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 06108, CT

Nearby Markets to 06108, CT