$3,858 Closing Credit*
$324,900
2,394 SqFt
2 Beds
•2 Full Baths
Paul Cranick, Listing Office: eXp Realty
Is 06518, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 06518 has remained a Seller's Market.
Key Takeaway
06518 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06518, CT
How much do homes in 06518, CT cost?
Median Sold Price
$360,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$35,000(+10.8%)
Key Takeaway
Homes in 06518 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 06518 was $360,000 in December 2024, up 10.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.5K | $164K | +21.0% |
| 2 Bedrooms | $225K | $300K | +33.3% |
| 3 Bedrooms | $337.5K | $360K | +6.7% |
| 4 Bedrooms | $410K | $459.5K | +12.1% |
| 5+ Bedrooms | $416K | $553.2K | +33.0% |
Summary: 06518 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 33%.
Housing Supply in 06518, CT
How many homes are available in 06518, CT?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 56 | 46 | -17.9% |
Summary: The 06518 real estate market had 46 homes for sale in December 2024, a 17.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 27 | 20 | -25.9% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 06518 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06518, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 06518 in December 2024, down by 30.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% 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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