Is 06605, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06605 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 06605 was a Seller's Market.

Key Takeaway

06605 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 06605, CT

How much do homes in 06605, CT cost?

Median Sold Price

$399,500

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$49,500(+14.1%)

Key Takeaway

Homes in 06605 have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in 06605 was $399,500 in November 2024, up 14.1% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $157K$175K
+11.5%
2 $272.5K$310K
+13.8%
3 $360K$399K
+10.8%
4 $324.7K$400K
+23.2%
5+ $433.5K$475K
+9.6%

Summary: 06605 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

06605
+14.1%
06604
+14.0%
06825
+11.4%
06824
+6.8%

Housing Supply in 06605, CT

How many homes are available in 06605, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
42420.0%

Summary: The 06605 real estate market had 42 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 65
-16.7%
3 64
-33.3%
4 88
0.0%
5+ 1619
+18.8%

Summary: The 06605 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06605, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 06605 in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 06605, 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 21 Days Ago

Newest Listings in 06605, CT

Nearby Markets to 06605, CT