$4,738 Closing Credit*
$399,000
1,320 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lisa Moccia, Listing Office: Keller Williams Realty-Longmdw
Is 06118, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 06118 has remained a Seller's Market.
Key Takeaway
06118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06118, CT
How much do homes in 06118, CT cost?
Median Sold Price
$281,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,000(+12.4%)
Key Takeaway
Homes in 06118 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 06118 was $281,000 in November 2024, up 12.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $165.2K | +2.0% |
| 2 Bedrooms | $164K | $185K | +12.8% |
| 3 Bedrooms | $270K | $307.7K | +14.0% |
| 4 Bedrooms | $281K | $290K | +3.2% |
| 5+ Bedrooms | $353.5K | $362.5K | +2.5% |
Summary: 06118 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in 06118, CT
How many homes are available in 06118, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 87 | -14.7% |
Summary: The 06118 real estate market had 87 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 53 | 40 | -24.5% |
| 4 Bedrooms | 19 | 14 | -26.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 06118 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 increased by 8%, 3 bedroom homes decreased by 24.5%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06118, 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 06118 in November 2024, down by 15.6% month-over-month. Of the 27 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.
Days on Market for 06118, CT
We’re sorry, we don't have information for this market at the moment
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