Is 06460, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06460 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06460 has remained a Seller's Market.

Key Takeaway

06460 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06460, CT

How much do homes in 06460, CT cost?

Median Sold Price

$459,450

$304/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,450(+6.8%)

Key Takeaway

Homes in 06460 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 06460 was $459,450 in November 2024, up 6.8% from last year, and the median price per square foot was $304.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $220K$235.2K
+6.9%
2 $311.8K$350K
+12.3%
3 $450K$484K
+7.6%
4 $600K$615K
+2.5%
5+ $687.5K$713K
+3.7%

Summary: 06460 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

06516
+14.8%
06461
+13.0%
06615
+11.6%
06460
+6.8%
06477
+6.7%

Housing Supply in 06460, CT

How many homes are available in 06460, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
165159-3.6%

Summary: The 06460 real estate market had 159 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1112
+9.1%
2 3533
-5.7%
3 7267
-6.9%
4 3330
-9.1%
5+ 1417
+21.4%

Summary: The 06460 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3528-20.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06460, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 06460 in November 2024, down by 20.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.

Days on Market for 06460, 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 21 Days Ago

Newest Listings in 06460, CT

Nearby Markets to 06460, CT