Is 06234, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06234 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06234 has remained a Seller's Market.

Key Takeaway

06234 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06234, CT

How much do homes in 06234, CT cost?

Median Sold Price

$373,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,550(+5.8%)

Key Takeaway

Homes in 06234 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 06234 was $373,000 in October 2024, up 5.8% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240.5K$165K
-31.4%
2 $332K$325K
-2.1%
3 $370K$382.5K
+3.4%
4 $361.2K$450K
+24.6%
5+ $332K$299.9K
-9.7%

Summary: 06234 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.4%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

06374
+14.2%
06239
+9.2%
06234
+5.8%
06241
+3.0%

Housing Supply in 06234, CT

How many homes are available in 06234, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2933+13.8%

Summary: The 06234 real estate market had 33 homes for sale in October 2024, a 13.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 1723
+35.3%
4 65
-16.7%
5+ 23
+50.0%

Summary: The 06234 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 50%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
990.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06234, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 06234 in October 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.

Days on Market for 06234, 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 17 Days Ago

Newest Listings in 06234, CT

Nearby Markets to 06234, CT