$3,859 Closing Credit*
$325,000
960 SqFt
3 Beds
•1 Full Bath
Matthew Huberdault, Listing Office: Real Broker CT, LLC
Is 06118, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$277,500
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+11.0%)
Key Takeaway
Homes in 06118 have sold for 11% more than they did a year ago.
Summary: The median home sold price in 06118 was $277,500 in October 2024, up 11% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $165K | +1.9% |
| 2 Bedrooms | $160K | $185K | +15.6% |
| 3 Bedrooms | $270K | $305K | +13.0% |
| 4 Bedrooms | $276.1K | $289.9K | +5.0% |
| 5+ Bedrooms | $355K | $358.5K | +1.0% |
Summary: 06118 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 1%.
Housing Supply in 06118, CT
How many homes are available in 06118, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 110 | 99 | -10.0% |
Summary: The 06118 real estate market had 99 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 26 | 18 | -30.8% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 06118 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 9.5%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06118, you could pay more than the asking price. 79.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 06118 in October 2024, down by 9.4% month-over-month. Of the 29 sold homes, 10% were sold under asking, 10% were sold at asking, and 79% 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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