Is 06359, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06359 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06359 has remained a Seller's Market.

Key Takeaway

06359 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06359, CT

How much do homes in 06359, CT cost?

Median Sold Price

$421,000

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,500(+3.6%)

Key Takeaway

Homes in 06359 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 06359 was $421,000 in October 2024, up 3.6% from last year, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$340K
N/A
2 $294K$362.5K
+23.3%
3 $416.2K$440K
+5.7%
4 $422.5K$403K
-4.6%
5+ -$360K
N/A

Summary: 06359 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 23.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

06339
+11.9%
02804
+8.3%
06359
+3.6%
06379
+3.3%

Housing Supply in 06359, CT

How many homes are available in 06359, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2618-30.8%

Summary: The 06359 real estate market had 18 homes for sale in October 2024, a 30.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 1611
-31.3%
4 65
-16.7%
5+ 00
0.0%

Summary: The 06359 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 50%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06359, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 06359 in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for 06359, 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 06359, CT

Nearby Markets to 06359, CT