Is 06109, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06109 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06109 has remained a Seller's Market.

Key Takeaway

06109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06109, CT

How much do homes in 06109, CT cost?

Median Sold Price

$365,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+8.1%)

Key Takeaway

Homes in 06109 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 06109 was $365,000 in November 2024, up 8.1% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $118K$125K
+5.9%
2 $265K$292K
+10.2%
3 $337.5K$363K
+7.6%
4 $462K$517.5K
+12.0%
5+ $455K$475K
+4.4%

Summary: 06109 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

06114
+24.0%
06106
+15.4%
06067
+8.7%
06109
+8.1%
06111
+7.9%

Housing Supply in 06109, CT

How many homes are available in 06109, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5653-5.4%

Summary: The 06109 real estate market had 53 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 149
-35.7%
3 3027
-10.0%
4 912
+33.3%
5+ 34
+33.3%

Summary: The 06109 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1721+23.5%

Asking Price vs. Sold Price

10 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 06109, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 06109 in November 2024, up by 23.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 10% were sold at asking, and 43% were sold over asking.

Days on Market for 06109, 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 06109, CT

Nearby Markets to 06109, CT