Is 06447, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06447 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06447 has remained a Seller's Market.

Key Takeaway

06447 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06447, CT

How much do homes in 06447, CT cost?

Median Sold Price

$430,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,500(+3.5%)

Key Takeaway

Homes in 06447 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 06447 was $430,000 in October 2024, up 3.5% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$119K
N/A
2 $320K$350K
+9.4%
3 $375K$417.5K
+11.3%
4 $491.4K$520K
+5.8%
5+ $482.5K$560K
+16.1%

Summary: 06447 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 9.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Zip Codes

06248
+26.7%
06073
+20.6%
06415
+7.4%
06447
+3.5%
06231
0.3%

Housing Supply in 06447, CT

How many homes are available in 06447, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
19190.0%

Summary: The 06447 real estate market had 19 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 89
+12.5%
4 78
+14.3%
5+ 11
0.0%

Summary: The 06447 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 decreased by 66.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06447, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 06447 in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 06447, 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 23 Days Ago

Newest Listings in 06447, CT

Nearby Markets to 06447, CT