Is 06606, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06606 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 06606 has remained a Seller's Market.

Key Takeaway

06606 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06606, CT

How much do homes in 06606, CT cost?

Median Sold Price

$366,899

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,899(+12.9%)

Key Takeaway

Homes in 06606 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 06606 was $366,899 in October 2024, up 12.9% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$184.5K
+19.1%
2 $220K$250K
+13.6%
3 $320K$375K
+17.2%
4 $370K$425K
+14.9%
5+ $450K$571K
+26.9%

Summary: 06606 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 26.9%.

Median Sold Price Compared To Nearby Zip Codes

06608
+26.3%
06604
+23.3%
06610
+13.0%
06606
+12.9%
06611
+10.1%

Housing Supply in 06606, CT

How many homes are available in 06606, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
125142+13.6%

Summary: The 06606 real estate market had 142 homes for sale in October 2024, a 13.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 910
+11.1%
2 2027
+35.0%
3 5358
+9.4%
4 3033
+10.0%
5+ 1314
+7.7%

Summary: The 06606 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2635+34.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06606, you could pay more than the asking price. 62.9% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in 06606 in October 2024, up by 34.6% month-over-month. Of the 35 sold homes, 17% were sold under asking, 20% were sold at asking, and 63% were sold over asking.

Days on Market for 06606, 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 16 Days Ago

Newest Listings in 06606, CT

Nearby Markets to 06606, CT