Is 06351, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06351 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 06351 was a Buyer's Market.

Key Takeaway

06351 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06351, CT

How much do homes in 06351, CT cost?

Median Sold Price

$316,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,000(+10.9%)

Key Takeaway

Homes in 06351 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 06351 was $316,000 in November 2024, up 10.9% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K$135K
+8.0%
2 $175K$237.5K
+35.7%
3 $312.5K$336.7K
+7.8%
4 $350K$342K
-2.3%
5+ $350K$330K
-5.7%

Summary: 06351 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

06330
+25.2%
06380
+22.3%
06351
+10.9%
06365
+3.4%

Housing Supply in 06351, CT

How many homes are available in 06351, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6465+1.6%

Summary: The 06351 real estate market had 65 homes for sale in November 2024, a 1.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 76
-14.3%
2 1714
-17.6%
3 3235
+9.4%
4 57
+40.0%
5+ 33
0.0%

Summary: The 06351 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1418+28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06351, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 06351 in November 2024, up by 28.6% month-over-month. Of the 18 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.

Days on Market for 06351, 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 06351, CT

Nearby Markets to 06351, CT