$4,869 Closing Credit*
$410,000
1,830 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michael Albert, Listing Office: RE/MAX RISE
Is 06416, 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, 06416 has remained a Seller's Market.
Key Takeaway
06416 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06416, CT
How much do homes in 06416, CT cost?
Median Sold Price
$320,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.9%)
Key Takeaway
Homes in 06416 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 06416 was $320,000 in November 2024, up 4.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $173K | +16.9% |
| 2 Bedrooms | $215K | $240K | +11.6% |
| 3 Bedrooms | $391.2K | $412.5K | +5.4% |
| 4 Bedrooms | $480.5K | $517K | +7.6% |
| 5+ Bedrooms | $461K | $727.5K | +57.8% |
Summary: 06416 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 57.8%.
Housing Supply in 06416, CT
How many homes are available in 06416, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 51 | -26.1% |
Summary: The 06416 real estate market had 51 homes for sale in November 2024, a 26.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 19 | 12 | -36.8% |
| 3 Bedrooms | 32 | 24 | -25.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 06416 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 decreased by 36.8%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 17 | -41.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06416, you could pay more than the asking price. 82.4% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 06416 in November 2024, down by 41.4% month-over-month. Of the 17 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for 06416, CT
We’re sorry, we don't have information for this market at the moment
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