$3,147 Closing Credit*
$265,000
997 SqFt
2 Beds
•1 Full Bath
Joseph Giordano, Listing Office: RE/MAX Alliance
Is 06405, 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, 06405 has remained a Seller's Market.
Key Takeaway
06405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06405, CT
How much do homes in 06405, CT cost?
Median Sold Price
$395,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,750(+11.8%)
Key Takeaway
Homes in 06405 have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in 06405 was $395,000 in November 2024, up 11.8% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185.2K | $211.7K | +14.3% |
| 2 Bedrooms | $275.7K | $297.5K | +7.9% |
| 3 Bedrooms | $455K | $482.4K | +6.0% |
| 4 Bedrooms | $589.9K | $694K | +17.6% |
| 5+ Bedrooms | $792K | $630K | -20.5% |
Summary: 06405 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 20.5%.
Housing Supply in 06405, CT
How many homes are available in 06405, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 113 | -0.9% |
Summary: The 06405 real estate market had 113 homes for sale in November 2024, a 0.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 5 | -50.0% |
| 2 Bedrooms | 40 | 42 | +5.0% |
| 3 Bedrooms | 45 | 43 | -4.4% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 06405 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06405, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 06405 in November 2024, down by 18.8% month-over-month. Of the 26 sold homes, 50% were sold under asking, 12% were sold at asking, and 38% were sold over asking.
Days on Market for 06405, CT
We’re sorry, we don't have information for this market at the moment
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