Is 06117, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06117 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06117 has remained a Seller's Market.

Key Takeaway

06117 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06117, CT

How much do homes in 06117, CT cost?

Median Sold Price

$540,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$91,112(+20.3%)

Key Takeaway

Homes in 06117 have sold for 20.3% more than they did a year ago.

Summary: The median home sold price in 06117 was $540,000 in November 2024, up 20.3% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $321K$370K
+15.3%
3 $405K$470K
+16.0%
4 $615K$642.5K
+4.5%
5+ $800K$940K
+17.5%

Summary: 06117 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 17.5%.

Median Sold Price Compared To Nearby Zip Codes

06117
+20.3%
06119
+17.3%
06112
+17.0%
06107
+16.4%
06105
-11.5%

Housing Supply in 06117, CT

How many homes are available in 06117, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4536-20.0%

Summary: The 06117 real estate market had 36 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 66
0.0%
3 1913
-31.6%
4 1212
0.0%
5+ 74
-42.9%

Summary: The 06117 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 remained the same, 3 bedroom homes decreased by 31.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1315+15.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06117, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 06117 in November 2024, up by 15.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.

Days on Market for 06117, 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 22 Days Ago

Newest Listings in 06117, CT

Nearby Markets to 06117, CT