Is 06514, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06514 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 06514 has remained a Seller's Market.

Key Takeaway

06514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06514, CT

How much do homes in 06514, CT cost?

Median Sold Price

$305,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$26,000(+9.3%)

Key Takeaway

Homes in 06514 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 06514 was $305,000 in September 2024, up 9.3% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $150K$150K
0.0%
2 $209.9K$226.5K
+7.9%
3 $289K$315.5K
+9.2%
4 $310K$371K
+19.7%
5+ $415K$416K
0.2%

Summary: 06514 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Zip Codes

06514
+9.3%
06518
+6.1%
06511
+4.4%
06517
+2.3%
06515
+1.2%

Housing Supply in 06514, CT

How many homes are available in 06514, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9081-10.0%

Summary: The 06514 real estate market had 81 homes for sale in September 2024, a 10.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 2120
-4.8%
3 3433
-2.9%
4 2116
-23.8%
5+ 1211
-8.3%

Summary: The 06514 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3716-56.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06514, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 06514 in September 2024, down by 56.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 06514, 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 29 Days Ago

Newest Listings in 06514, CT

Nearby Markets to 06514, CT