Is 06255, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06255 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06255 has remained a Seller's Market.

Key Takeaway

06255 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06255, CT

How much do homes in 06255, CT cost?

Median Sold Price

$332,500

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$48,500(+17.1%)

Key Takeaway

Homes in 06255 have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in 06255 was $332,500 in October 2024, up 17.1% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K-
N/A
2 $250K$273.2K
+9.3%
3 $303.5K$359.9K
+18.6%
4 $292K$450K
+54.1%
5+ $265K$332.5K
+25.5%

Summary: 06255 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 9.3%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 54.1%, and 5+ bedroom homes increased by 25.5%.

Median Sold Price Compared To Nearby Zip Codes

06255
+17.1%
01570
+9.6%
01571
+5.5%
06277
+1.3%

Housing Supply in 06255, CT

How many homes are available in 06255, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1315+15.4%

Summary: The 06255 real estate market had 15 homes for sale in October 2024, a 15.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 710
+42.9%
4 00
0.0%
5+ 33
0.0%

Summary: The 06255 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 33.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06255, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 06255 in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 06255, 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 16 Days Ago

Newest Listings in 06255, CT

Nearby Markets to 06255, CT