$5,047 Closing Credit*
$425,000
1,944 SqFt
4 Beds
•2 Full Baths, 1 Partial
Corinne Machowski, Listing Office: William Raveis Real Estate
Is 06248, 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, 06248 has remained a Seller's Market.
Key Takeaway
06248 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06248, CT
How much do homes in 06248, CT cost?
Median Sold Price
$481,600
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$101,600(+26.7%)
Key Takeaway
Homes in 06248 have sold for 26.7% more than they did a year ago.
Summary: The median home sold price in 06248 was $481,600 in October 2024, up 26.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $275K | +1.9% |
| 2 Bedrooms | $350K | $430K | +22.9% |
| 3 Bedrooms | $370K | $460.6K | +24.5% |
| 4 Bedrooms | $430.4K | $567.5K | +31.8% |
| 5+ Bedrooms | - | $539K | N/A |
Summary: 06248 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 22.9%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 06248 | $380K | $481.6K | +26.7% |
| 06043 | $376.5K | $430K | +14.2% |
| 06231 | $411.2K | $412.5K | 0.3% |
| 06232 | $392.4K | $349K | -11.1% |
| 06237 | $437.5K | $375K | -14.3% |
Housing Supply in 06248, CT
How many homes are available in 06248, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The 06248 real estate market had 23 homes for sale in October 2024, a 9.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 06248 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06248, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 06248 in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for 06248, CT
We’re sorry, we don't have information for this market at the moment
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