$1,044 Closing Credit*
$87,900
924 SqFt
2 Beds
•1 Full Bath
Diane Contino, Listing Office: RE/MAX Realty Group
Is 06340, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$305,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,000(+14.2%)
Key Takeaway
Homes in 06340 have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in 06340 was $305,000 in October 2024, up 14.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $190K | +15.2% |
| 2 Bedrooms | $199.9K | $220K | +10.0% |
| 3 Bedrooms | $303K | $334.5K | +10.4% |
| 4 Bedrooms | $392.5K | $375K | -4.5% |
| 5+ Bedrooms | $422.4K | $617.5K | +46.2% |
Summary: 06340 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 46.2%.
Housing Supply in 06340, CT
How many homes are available in 06340, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 72 | -5.3% |
Summary: The 06340 real estate market had 72 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 06340 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06340, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 06340 in October 2024, up by 10.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 5% were sold at asking, and 57% 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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