Is 06483, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06483 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06483 has remained a Seller's Market.

Key Takeaway

06483 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06483, CT

How much do homes in 06483, CT cost?

Median Sold Price

$390,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,823(+13.0%)

Key Takeaway

Homes in 06483 have sold for 13% more than they did a year ago.

Summary: The median home sold price in 06483 was $390,000 in November 2024, up 13% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K$153.7K
+9.8%
2 $267.5K$300K
+12.1%
3 $352K$380K
+8.0%
4 $460K$585K
+27.2%
5+ $340K$538.5K
+58.4%

Summary: 06483 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes increased by 58.4%.

Median Sold Price Compared To Nearby Zip Codes

06401
+20.1%
06418
+19.8%
06483
+13.0%
06478
+1.4%
06525
-0.4%

Housing Supply in 06483, CT

How many homes are available in 06483, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5348-9.4%

Summary: The 06483 real estate market had 48 homes for sale in November 2024, a 9.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1512
-20.0%
3 2220
-9.1%
4 108
-20.0%
5+ 67
+16.7%

Summary: The 06483 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
15150.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06483, 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 06483 in November 2024, the same as the previous month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.

Days on Market for 06483, 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 06483, CT

Nearby Markets to 06483, CT