Is 06482, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06482 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06482 has remained a Seller's Market.

Key Takeaway

06482 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06482, CT

How much do homes in 06482, CT cost?

Median Sold Price

$535,000

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+0.9%)

Key Takeaway

Homes in 06482 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 06482 was $535,000 in October 2024, up 0.9% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $345K$285K
-17.4%
2 $397.5K$411.5K
+3.5%
3 $480K$475K
-1.0%
4 $680K$705K
+3.7%
5+ $810K$985K
+21.6%

Summary: 06482 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 21.6%.

Median Sold Price Compared To Nearby Zip Codes

06488
+19.2%
06470
+14.4%
06468
+3.9%
06478
+3.8%
06482
+0.9%

Housing Supply in 06482, CT

How many homes are available in 06482, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5564+16.4%

Summary: The 06482 real estate market had 64 homes for sale in October 2024, a 16.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 58
+60.0%
3 1718
+5.9%
4 2631
+19.2%
5+ 55
0.0%

Summary: The 06482 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 increased by 60%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06482, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 06482 in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for 06482, 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 06482, CT

Nearby Markets to 06482, CT