Is 06412, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06412 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06412 has remained a Seller's Market.

Key Takeaway

06412 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06412, CT

How much do homes in 06412, CT cost?

Median Sold Price

$419,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,950(-4.8%)

Key Takeaway

Homes in 06412 have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in 06412 was $419,000 in October 2024, down 4.8% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$165K
N/A
2 $289K$395K
+36.7%
3 $409.9K$442.5K
+8.0%
4 $550K$670K
+21.8%
5+ $1.2M$730K
-40.2%

Summary: 06412 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 36.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes decreased by 40.2%.

Median Sold Price Compared To Nearby Zip Codes

06417
+35.6%
06438
+12.3%
06441
+4.8%
06423
+4.7%
06412
-4.8%

Housing Supply in 06412, CT

How many homes are available in 06412, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1719+11.8%

Summary: The 06412 real estate market had 19 homes for sale in October 2024, a 11.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 66
0.0%
3 68
+33.3%
4 33
0.0%
5+ 11
0.0%

Summary: The 06412 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06412, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 06412 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 06412, 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 24 Days Ago

Newest Listings in 06412, CT

Nearby Markets to 06412, CT