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 November 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

$335,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$43,550(+14.9%)

Key Takeaway

Homes in 06255 have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in 06255 was $335,000 in November 2024, up 14.9% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150K-
N/A
2 $263.2K$300K
+14.0%
3 $307.5K$359.9K
+17.0%
4 $302.5K$405K
+33.9%
5+ $265K$332.5K
+25.5%

Summary: 06255 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes increased by 25.5%.

Median Sold Price Compared To Nearby Zip Codes

06255
+14.9%
01570
+9.2%
01571
+8.1%
06277
0.1%

Housing Supply in 06255, CT

How many homes are available in 06255, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1613-18.8%

Summary: The 06255 real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 109
-10.0%
4 00
0.0%
5+ 30
-100.0%

Summary: The 06255 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 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 November 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

How long does it take to sell a home in 06255, CT?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 06255 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 06255; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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 06255, CT

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