Is 06120, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06120 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06120 has remained a Seller's Market.

Key Takeaway

06120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06120, CT

How much do homes in 06120, CT cost?

Median Sold Price

$301,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$54,000(+21.9%)

Key Takeaway

Homes in 06120 have sold for 21.9% more than they did a year ago.

Summary: The median home sold price in 06120 was $301,000 in October 2024, up 21.9% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $100K$233.5K
+133.5%
3 $195K$235K
+20.5%
4 $170K$276.9K
+62.9%
5+ $292.5K$356.5K
+21.9%

Summary: 06120 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 133.5%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 62.9%, and 5+ bedroom homes increased by 21.9%.

Median Sold Price Compared To Nearby Zip Codes

06120
+21.9%
06108
+14.5%
06112
+10.0%
06002
+8.2%

Housing Supply in 06120, CT

How many homes are available in 06120, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2116-23.8%

Summary: The 06120 real estate market had 16 homes for sale in October 2024, a 23.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 75
-28.6%
4 21
-50.0%
5+ 99
0.0%

Summary: The 06120 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 decreased by 66.7%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06120, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 06120 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.

Days on Market for 06120, 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 06120, CT

Nearby Markets to 06120, CT