Is 06468, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06468 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06468 has remained a Seller's Market.

Key Takeaway

06468 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06468, CT

How much do homes in 06468, CT cost?

Median Sold Price

$535,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+3.9%)

Key Takeaway

Homes in 06468 have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in 06468 was $535,000 in October 2024, up 3.9% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $199.2K$293K
+47.1%
2 $355K$405.7K
+14.3%
3 $518.2K$548K
+5.7%
4 $620K$682.5K
+10.1%
5+ $655K$720K
+9.9%

Summary: 06468 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Zip Codes

06470
+14.4%
06484
+10.8%
06611
+10.1%
06468
+3.9%
06482
+0.9%

Housing Supply in 06468, CT

How many homes are available in 06468, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6660-9.1%

Summary: The 06468 real estate market had 60 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1210
-16.7%
2 147
-50.0%
3 1617
+6.3%
4 1919
0.0%
5+ 57
+40.0%

Summary: The 06468 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2315-34.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06468, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 06468 in October 2024, down by 34.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.

Days on Market for 06468, 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 16 Days Ago

Newest Listings in 06468, CT

Nearby Markets to 06468, CT