$2,969 Closing Credit*
$250,000
1,290 SqFt
2 Beds
•2 Full Baths, 1 Partial
Rob Curry, Listing Office: Pearce Real Estate
Is 06518, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 06518 was a Seller's Market.
Key Takeaway
06518 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 06518, CT
How much do homes in 06518, CT cost?
Median Sold Price
$345,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+7.8%)
Key Takeaway
Homes in 06518 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 06518 was $345,000 in October 2024, up 7.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.1K | $158.7K | +23.0% |
| 2 Bedrooms | $225K | $285K | +26.7% |
| 3 Bedrooms | $321K | $360K | +12.1% |
| 4 Bedrooms | $410K | $430K | +4.9% |
| 5+ Bedrooms | $420K | $467K | +11.2% |
Summary: 06518 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in 06518, CT
How many homes are available in 06518, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 61 | -10.3% |
Summary: The 06518 real estate market had 61 homes for sale in October 2024, a 10.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 7 | -41.7% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 06518 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 10 | -47.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06518, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 06518 in October 2024, down by 47.4% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for 06518, CT
We’re sorry, we don't have information for this market at the moment
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