Is 06473, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06473 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06473 has remained a Seller's Market.

Key Takeaway

06473 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06473, CT

How much do homes in 06473, CT cost?

Median Sold Price

$435,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,000(+13.0%)

Key Takeaway

Homes in 06473 have sold for 13% more than they did a year ago.

Summary: The median home sold price in 06473 was $435,000 in November 2024, up 13% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $168K$275K
+63.7%
2 $279.9K$328.7K
+17.5%
3 $375K$430K
+14.7%
4 $465K$523.2K
+12.5%
5+ $525K$605K
+15.2%

Summary: 06473 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.7%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 15.2%.

Median Sold Price Compared To Nearby Zip Codes

06513
+17.3%
06473
+13.0%
06518
+10.8%
06472
+6.5%
06517
+5.0%

Housing Supply in 06473, CT

How many homes are available in 06473, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6561-6.2%

Summary: The 06473 real estate market had 61 homes for sale in November 2024, a 6.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 3529
-17.1%
4 1717
0.0%
5+ 69
+50.0%

Summary: The 06473 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 decreased by 14.3%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06473, you could pay more than the asking price. 65% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 06473 in November 2024, up by 5.3% month-over-month. Of the 20 sold homes, 30% were sold under asking, 5% were sold at asking, and 65% were sold over asking.

Days on Market for 06473, 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 17 Days Ago

Newest Listings in 06473, CT

Nearby Markets to 06473, CT