Is 06320, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06320 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06320 has remained a Seller's Market.

Key Takeaway

06320 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06320, CT

How much do homes in 06320, CT cost?

Median Sold Price

$282,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,151(+12.9%)

Key Takeaway

Homes in 06320 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 06320 was $282,000 in October 2024, up 12.9% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $127K$140K
+10.2%
2 $220K$206K
-6.4%
3 $259K$282K
+8.9%
4 $287.5K$325K
+13.0%
5+ $285K$355K
+24.6%

Summary: 06320 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 24.6%.

Median Sold Price Compared To Nearby Zip Codes

06385
+20.0%
06340
+14.2%
06320
+12.9%
06375
+1.2%

Housing Supply in 06320, CT

How many homes are available in 06320, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6770+4.5%

Summary: The 06320 real estate market had 70 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 810
+25.0%
2 1416
+14.3%
3 2226
+18.2%
4 118
-27.3%
5+ 1210
-16.7%

Summary: The 06320 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06320, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 06320 in October 2024, up by 5.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for 06320, 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 17 Days Ago

Newest Listings in 06320, CT

Nearby Markets to 06320, CT