Is 06378, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06378 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06378 has remained a Seller's Market.

Key Takeaway

06378 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06378, CT

How much do homes in 06378, CT cost?

Median Sold Price

$732,000

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,500(+3.5%)

Key Takeaway

Homes in 06378 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 06378 was $732,000 in October 2024, up 3.5% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $597.5K$572.5K
-4.2%
2 $440K$560K
+27.3%
3 $639.9K$600K
-6.2%
4 $850K$1.0M
+26.5%
5+ $985K$1.1M
+14.2%

Summary: 06378 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 14.2%.

Median Sold Price Compared To Nearby Zip Codes

02891
+12.5%
06339
+11.9%
06378
+3.5%
06379
+3.3%
06355
+2.6%

Housing Supply in 06378, CT

How many homes are available in 06378, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6056-6.7%

Summary: The 06378 real estate market had 56 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 109
-10.0%
3 1919
0.0%
4 1512
-20.0%
5+ 1515
0.0%

Summary: The 06378 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 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06378, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in 06378 in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 21% were sold under asking, 71% were sold at asking, and 7% were sold over asking.

Days on Market for 06378, 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 06378, CT

Nearby Markets to 06378, CT