$4,738 Closing Credit*
$399,000
1,776 SqFt
3 Beds
•1 Full Bath, 1 Partial
Steven Raucci, Listing Office: RE/MAX Heritage
Is 06401, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 06401 has remained a Seller's Market.
Key Takeaway
06401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06401, CT
How much do homes in 06401, CT cost?
Median Sold Price
$376,700
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62,950(+20.1%)
Key Takeaway
Homes in 06401 have sold for 20.1% more than they did a year ago.
Summary: The median home sold price in 06401 was $376,700 in November 2024, up 20.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $70K | -46.2% |
| 2 Bedrooms | $200K | $256.5K | +28.2% |
| 3 Bedrooms | $305K | $369.5K | +21.1% |
| 4 Bedrooms | $326K | $385K | +18.1% |
| 5+ Bedrooms | $399.5K | $425K | +6.4% |
Summary: 06401 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.2%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 06401, CT
How many homes are available in 06401, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 34 | -20.9% |
Summary: The 06401 real estate market had 34 homes for sale in November 2024, a 20.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 12 | 7 | -41.7% |
Summary: The 06401 housing inventory by bedroom type for November 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 decreased by 30.8%, and 5+ bedroom homes decreased by 41.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06401, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 06401 in November 2024, down by 35.7% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for 06401, CT
We’re sorry, we don't have information for this market at the moment
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