Is 06355, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06355 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06355 has remained a Seller's Market.

Key Takeaway

06355 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06355, CT

How much do homes in 06355, CT cost?

Median Sold Price

$500,000

$304/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,500(+2.6%)

Key Takeaway

Homes in 06355 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 06355 was $500,000 in October 2024, up 2.6% from last year, and the median price per square foot was $304.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $750K-
N/A
2 $294K$475K
+61.6%
3 $475.7K$497K
+4.5%
4 $632.5K$562.5K
-11.1%
5+ $522.5K$1.1M
+123.0%

Summary: 06355 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 61.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 123%.

Median Sold Price Compared To Nearby Zip Codes

06340
+14.2%
06339
+11.9%
06378
+3.5%
06355
+2.6%

Housing Supply in 06355, CT

How many homes are available in 06355, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
51510.0%

Summary: The 06355 real estate market had 51 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 106
-40.0%
3 2526
+4.0%
4 1416
+14.3%
5+ 23
+50.0%

Summary: The 06355 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1316+23.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06355, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 06355 in October 2024, up by 23.1% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.

Days on Market for 06355, 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 06355, CT

Nearby Markets to 06355, CT