Is 06481, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06481 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06481 has remained a Seller's Market.

Key Takeaway

06481 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06481, CT

How much do homes in 06481, CT cost?

Median Sold Price

$370,450

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,450(+25.6%)

Key Takeaway

Homes in 06481 have sold for 25.6% more than they did a year ago.

Summary: The median home sold price in 06481 was $370,450 in October 2024, up 25.6% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$190K
N/A
2 $273.5K$350K
+28.0%
3 $375K$380K
+1.3%
4 $305K$399K
+30.8%
5+ $295K-
N/A

Summary: 06481 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

06481
+25.6%
06455
+10.6%
06457
+9.8%

Housing Supply in 06481, CT

How many homes are available in 06481, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The 06481 real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 06481 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06481, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 06481 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 06481, 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 13 Days Ago

Newest Listings in 06481, CT

Nearby Markets to 06481, CT