Is 06438, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06438 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 06438 has remained a Seller's Market.

Key Takeaway

06438 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06438, CT

How much do homes in 06438, CT cost?

Median Sold Price

$422,500

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$4,000(+1.0%)

Key Takeaway

Homes in 06438 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 06438 was $422,500 in December 2024, up 1% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $275K-
N/A
2 $208.5K$490K
+135.0%
3 $425K$380K
-10.6%
4 $487K$505K
+3.7%
5+ $519.5K$521K
0.3%

Summary: 06438 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 135%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Zip Codes

06441
+8.8%
06424
+1.4%
06438
+1.0%
06423
-1.7%

Housing Supply in 06438, CT

How many homes are available in 06438, CT?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
770.0%

Summary: The 06438 real estate market had 7 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 32
-33.3%
4 22
0.0%
5+ 11
0.0%

Summary: The 06438 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06438, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 06438 in December 2024, up by 400.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.

Days on Market for 06438, 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 2 Days Ago

Newest Listings in 06438, CT

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