Is 06238, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06238 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06238 has remained a Seller's Market.

Key Takeaway

06238 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06238, CT

How much do homes in 06238, CT cost?

Median Sold Price

$350,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+6.1%)

Key Takeaway

Homes in 06238 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 06238 was $350,000 in October 2024, up 6.1% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $270K$211K
-21.9%
2 $226K$247.5K
+9.5%
3 $330K$370K
+12.1%
4 $490K$430K
-12.2%
5+ $385K$532.5K
+38.3%

Summary: 06238 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.9%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 38.3%.

Median Sold Price Compared To Nearby Zip Codes

06238
+6.1%
06250
+2.5%
06268
-0.9%
06232
-11.1%
06237
-14.3%

Housing Supply in 06238, CT

How many homes are available in 06238, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4147+14.6%

Summary: The 06238 real estate market had 47 homes for sale in October 2024, a 14.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 78
+14.3%
3 2227
+22.7%
4 98
-11.1%
5+ 22
0.0%

Summary: The 06238 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12120.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06238, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 06238 in October 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 8% were sold at asking, and 67% were sold over asking.

Days on Market for 06238, 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 23 Days Ago

Newest Listings in 06238, CT

Nearby Markets to 06238, CT