$1,888 Closing Credit*
$159,000
714 SqFt
1 Bed
•1 Full Bath
Victoria Schroeder, Listing Office: Kazantzis Real Estate, LLC
Is 06340, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 06340 has remained a Seller's Market.
Key Takeaway
06340 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06340, CT
How much do homes in 06340, CT cost?
Median Sold Price
$311,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,666(+15.5%)
Key Takeaway
Homes in 06340 have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in 06340 was $311,000 in November 2024, up 15.5% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $190K | +15.2% |
| 2 Bedrooms | $210K | $220K | +4.8% |
| 3 Bedrooms | $301.5K | $342.5K | +13.6% |
| 4 Bedrooms | $387.5K | $375K | -3.2% |
| 5+ Bedrooms | $429.9K | $585K | +36.1% |
Summary: 06340 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 36.1%.
Housing Supply in 06340, CT
How many homes are available in 06340, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 68 | -11.7% |
Summary: The 06340 real estate market had 68 homes for sale in November 2024, a 11.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 25 | 22 | -12.0% |
| 3 Bedrooms | 36 | 34 | -5.6% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 06340 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06340, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 06340 in November 2024, down by 13.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for 06340, CT
We’re sorry, we don't have information for this market at the moment
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