Is 06512, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06512 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06512 has remained a Seller's Market.

Key Takeaway

06512 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06512, CT

How much do homes in 06512, CT cost?

Median Sold Price

$342,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+9.6%)

Key Takeaway

Homes in 06512 have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in 06512 was $342,000 in October 2024, up 9.6% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $108K$85K
-21.3%
2 $259.5K$300K
+15.6%
3 $317K$345K
+8.8%
4 $350K$362.4K
+3.6%
5+ $398K$420K
+5.5%

Summary: 06512 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.3%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

06513
+16.1%
06471
+12.6%
06405
+10.0%
06512
+9.6%
06511
+6.9%

Housing Supply in 06512, CT

How many homes are available in 06512, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
106118+11.3%

Summary: The 06512 real estate market had 118 homes for sale in October 2024, a 11.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 3032
+6.7%
3 4356
+30.2%
4 2220
-9.1%
5+ 65
-16.7%

Summary: The 06512 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 6.7%, 3 bedroom homes increased by 30.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1527+80.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06512, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 06512 in October 2024, up by 80.0% month-over-month. Of the 27 sold homes, 26% were sold under asking, 33% were sold at asking, and 41% were sold over asking.

Days on Market for 06512, 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 06512, CT

Nearby Markets to 06512, CT