Is 06281, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06281 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06281 has remained a Seller's Market.

Key Takeaway

06281 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06281, CT

How much do homes in 06281, CT cost?

Median Sold Price

$430,950

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$19,050(-4.2%)

Key Takeaway

Homes in 06281 have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in 06281 was $430,950 in November 2024, down 4.2% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $342.5K$272.5K
-20.4%
3 $445K$422.5K
-5.1%
4 $487K$610K
+25.3%
5+ $747.5K$479K
-35.9%

Summary: 06281 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 decreased by 20.4%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes decreased by 35.9%.

Median Sold Price Compared To Nearby Zip Codes

06255
+14.9%
06259
+12.3%
06282
+2.4%
06281
-4.2%

Housing Supply in 06281, CT

How many homes are available in 06281, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3229-9.4%

Summary: The 06281 real estate market had 29 homes for sale in November 2024, a 9.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 44
0.0%
3 1212
0.0%
4 107
-30.0%
5+ 33
0.0%

Summary: The 06281 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06281, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 06281 in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for 06281, 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 06281, CT

Nearby Markets to 06281, CT