Is 06472, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06472 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 06472 was a Neutral Market.

Key Takeaway

06472 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06472, CT

How much do homes in 06472, CT cost?

Median Sold Price

$452,500

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+6.5%)

Key Takeaway

Homes in 06472 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 06472 was $452,500 in November 2024, up 6.5% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $300K$370K
+23.3%
3 $412.5K$450K
+9.1%
4 $444.2K$480K
+8.0%
5+ $487.5K$499K
+2.4%

Summary: 06472 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Zip Codes

06473
+13.0%
06471
+10.9%
06492
+10.8%
06472
+6.5%
06437
+3.5%

Housing Supply in 06472, CT

How many homes are available in 06472, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1715-11.8%

Summary: The 06472 real estate market had 15 homes for sale in November 2024, a 11.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1311
-15.4%
4 22
0.0%
5+ 00
0.0%

Summary: The 06472 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06472, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 06472 in November 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 06472, 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 06472, CT

Nearby Markets to 06472, CT