Is 06112, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06112 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06112 was a Seller's Market.

Key Takeaway

06112 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 06112, CT

How much do homes in 06112, CT cost?

Median Sold Price

$275,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+10.0%)

Key Takeaway

Homes in 06112 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 06112 was $275,000 in October 2024, up 10% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $160K$197.5K
+23.4%
3 $215K$230K
+7.0%
4 $237.5K$260K
+9.5%
5+ $304.5K$345K
+13.3%

Summary: 06112 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 13.3%.

Median Sold Price Compared To Nearby Zip Codes

06114
+23.0%
06120
+21.9%
06112
+10.0%
06002
+8.2%
06105
-4.4%

Housing Supply in 06112, CT

How many homes are available in 06112, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4847-2.1%

Summary: The 06112 real estate market had 47 homes for sale in October 2024, a 2.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1411
-21.4%
4 68
+33.3%
5+ 2624
-7.7%

Summary: The 06112 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
147-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06112, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 06112 in October 2024, down by 50.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for 06112, 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 06112, CT

Nearby Markets to 06112, CT