Is 06377, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06377 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 06377 was a Buyer's Market.

Key Takeaway

06377 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06377, CT

How much do homes in 06377, CT cost?

Median Sold Price

$362,500

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,750(+20.1%)

Key Takeaway

Homes in 06377 have sold for 20.1% more than they did a year ago.

Summary: The median home sold price in 06377 was $362,500 in October 2024, up 20.1% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $149K-
N/A
2 $206.5K$305K
+47.7%
3 $305K$345K
+13.1%
4 $349.9K$435K
+24.3%
5+ $335K$379K
+13.1%

Summary: 06377 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 47.7%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 13.1%.

Median Sold Price Compared To Nearby Zip Codes

06377
+20.1%
06239
+9.2%
06354
-9.4%

Housing Supply in 06377, CT

How many homes are available in 06377, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
18180.0%

Summary: The 06377 real estate market had 18 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 00
0.0%
3 1515
0.0%
4 13
+200.0%
5+ 20
-100.0%

Summary: The 06377 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06377, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 06377 in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.

Days on Market for 06377, 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 06377, CT

Nearby Markets to 06377, CT