Is 06422, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06422 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 06422 was a Seller's Market.

Key Takeaway

06422 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 06422, CT

How much do homes in 06422, CT cost?

Median Sold Price

$442,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,000(+5.2%)

Key Takeaway

Homes in 06422 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 06422 was $442,000 in November 2024, up 5.2% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $324.5K$160K
-50.7%
2 $310K$320K
+3.2%
3 $405K$426.5K
+5.3%
4 $520K$551K
+6.0%
5+ $940K$530K
-43.6%

Summary: 06422 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 43.6%.

Median Sold Price Compared To Nearby Zip Codes

06457
+12.5%
06455
+9.1%
06441
+8.8%
06472
+6.5%
06422
+5.2%

Housing Supply in 06422, CT

How many homes are available in 06422, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2218-18.2%

Summary: The 06422 real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 117
-36.4%
4 65
-16.7%
5+ 34
+33.3%

Summary: The 06422 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 decreased by 36.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06422, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 06422 in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for 06422, 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 17 Days Ago

Newest Listings in 06422, CT

Nearby Markets to 06422, CT