Is 06279, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06279 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06279 has remained a Seller's Market.

Key Takeaway

06279 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06279, CT

How much do homes in 06279, CT cost?

Median Sold Price

$357,500

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,750(+15.0%)

Key Takeaway

Homes in 06279 have sold for 15% more than they did a year ago.

Summary: The median home sold price in 06279 was $357,500 in October 2024, up 15% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $225K$302.5K
+34.4%
3 $312.5K$361K
+15.5%
4 $505K$499.9K
-1.0%
5+ $396K$615K
+55.3%

Summary: 06279 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 34.4%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 55.3%.

Median Sold Price Compared To Nearby Zip Codes

06084
+20.3%
06279
+15.0%
06076
+0.6%
06268
-0.9%
06278
-2.9%

Housing Supply in 06279, CT

How many homes are available in 06279, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2217-22.7%

Summary: The 06279 real estate market had 17 homes for sale in October 2024, a 22.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 85
-37.5%
4 55
0.0%
5+ 44
0.0%

Summary: The 06279 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 40%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06279, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 06279 in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.

Days on Market for 06279, 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 21 Days Ago

Newest Listings in 06279, CT

Nearby Markets to 06279, CT