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 September 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

$443,983

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,758(+6.2%)

Key Takeaway

Homes in 06460 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 06460 was $443,983 in September 2024, up 6.2% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $225K$220.5K
-2.0%
2 $300K$350K
+16.7%
3 $445K$480K
+7.9%
4 $585K$575K
-1.7%
5+ $875K$700K
-20.0%

Summary: 06460 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 20%.

Median Sold Price Compared To Nearby Zip Codes

06516
+17.3%
06477
+8.7%
06615
+8.4%
06461
+7.4%
06460
+6.2%

Housing Supply in 06460, CT

How many homes are available in 06460, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
149150+0.7%

Summary: The 06460 real estate market had 150 homes for sale in September 2024, a 0.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 99
0.0%
2 3530
-14.3%
3 5462
+14.8%
4 2930
+3.4%
5+ 2219
-13.6%

Summary: The 06460 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 13.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4129-29.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

1 Home Was 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. 55.2% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 06460 in September 2024, down by 29.3% month-over-month. Of the 29 sold homes, 55% were sold under asking, 3% were sold at asking, and 41% 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 29 Days Ago

Newest Listings in 06460, CT

Nearby Markets to 06460, CT