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 November 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

$295,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+18.0%)

Key Takeaway

Homes in 06320 have sold for 18% more than they did a year ago.

Summary: The median home sold price in 06320 was $295,000 in November 2024, up 18% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $131K$140K
+6.9%
2 $215K$210.5K
-2.1%
3 $262.5K$300K
+14.3%
4 $285K$330K
+15.8%
5+ $297.5K$365K
+22.7%

Summary: 06320 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 22.7%.

Median Sold Price Compared To Nearby Zip Codes

06320
+18.0%
06340
+15.5%
06385
+13.4%
06375
+5.0%

Housing Supply in 06320, CT

How many homes are available in 06320, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6552-20.0%

Summary: The 06320 real estate market had 52 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 94
-55.6%
2 169
-43.8%
3 2418
-25.0%
4 79
+28.6%
5+ 912
+33.3%

Summary: The 06320 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 55.6%, 2 bedroom homes decreased by 43.8%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2019-5.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06320, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in 06320 in November 2024, down by 5.0% month-over-month. Of the 19 sold homes, 32% were sold under asking, 42% were sold at asking, and 26% 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 18 Days Ago

Newest Listings in 06320, CT

Nearby Markets to 06320, CT