$3,266 Closing Credit*
$275,000
932 SqFt
2 Beds
•1 Full Bath
Brian Botti, Listing Office: Botti Realty
Is 06401, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$375,200
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,200(+23.0%)
Key Takeaway
Homes in 06401 have sold for 23% more than they did a year ago.
Summary: The median home sold price in 06401 was $375,200 in October 2024, up 23% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $70K | -46.2% |
| 2 Bedrooms | $202.5K | $261.2K | +29.0% |
| 3 Bedrooms | $305K | $369K | +21.0% |
| 4 Bedrooms | $325K | $370K | +13.8% |
| 5+ Bedrooms | $399.5K | $422.5K | +5.8% |
Summary: 06401 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.2%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 06401, CT
How many homes are available in 06401, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 43 | -18.9% |
Summary: The 06401 real estate market had 43 homes for sale in October 2024, a 18.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 26 | 16 | -38.5% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 06401 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 66.7%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06401, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 06401 in October 2024, down by 33.3% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% 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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