Is 06331, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06331 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06331 has remained a Seller's Market.

Key Takeaway

06331 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06331, CT

How much do homes in 06331, CT cost?

Median Sold Price

$365,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,000(+11.3%)

Key Takeaway

Homes in 06331 have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in 06331 was $365,000 in October 2024, up 11.3% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$210K
N/A
2 $242.6K$278K
+14.6%
3 $355K$399.9K
+12.6%
4 $425K$365K
-14.1%
5+ -$340K
N/A

Summary: 06331 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 14.6%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

06247
+30.0%
06330
+28.1%
06374
+14.2%
06331
+11.3%
06234
+5.8%

Housing Supply in 06331, CT

How many homes are available in 06331, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1512-20.0%

Summary: The 06331 real estate market had 12 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 31
-66.7%
3 76
-14.3%
4 45
+25.0%
5+ 00
0.0%

Summary: The 06331 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 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 06331, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 06331 in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 06331, 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 06331, CT

Nearby Markets to 06331, CT