Is 06437, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06437 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06437 has remained a Seller's Market.

Key Takeaway

06437 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06437, CT

How much do homes in 06437, CT cost?

Median Sold Price

$584,495

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,495(+3.5%)

Key Takeaway

Homes in 06437 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 06437 was $584,495 in November 2024, up 3.5% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $185K$227.5K
+23.0%
2 $420K$502.5K
+19.6%
3 $525K$574.5K
+9.4%
4 $675K$687.5K
+1.9%
5+ $850K$1.0M
+20.9%

Summary: 06437 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 20.9%.

Median Sold Price Compared To Nearby Zip Codes

06405
+11.8%
06471
+10.9%
06472
+6.5%
06443
+5.4%
06437
+3.5%

Housing Supply in 06437, CT

How many homes are available in 06437, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11096-12.7%

Summary: The 06437 real estate market had 96 homes for sale in November 2024, a 12.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 2725
-7.4%
3 3928
-28.2%
4 3128
-9.7%
5+ 911
+22.2%

Summary: The 06437 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 decreased by 7.4%, 3 bedroom homes decreased by 28.2%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3624-33.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer46%33%21%

Key Takeaway

If you're buying a home in 06437, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in 06437 in November 2024, down by 33.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 21% were sold at asking, and 46% were sold over asking.

Days on Market for 06437, 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 06437, CT

Nearby Markets to 06437, CT