Is 06612, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06612 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 06612 has remained a Seller's Market.

Key Takeaway

06612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06612, CT

How much do homes in 06612, CT cost?

Median Sold Price

$950,000

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$90,000(+10.5%)

Key Takeaway

Homes in 06612 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 06612 was $950,000 in November 2024, up 10.5% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $850K$510K
-40.0%
3 $737.2K$740K
0.4%
4 $875K$1.0M
+14.9%
5+ $995K$1.1M
+20.1%

Summary: 06612 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 20.1%.

Median Sold Price Compared To Nearby Zip Codes

06825
+11.4%
06612
+10.5%
06611
+10.1%
06896
+8.4%
06883
+1.2%

Housing Supply in 06612, CT

How many homes are available in 06612, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3026-13.3%

Summary: The 06612 real estate market had 26 homes for sale in November 2024, a 13.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 97
-22.2%
4 109
-10.0%
5+ 109
-10.0%

Summary: The 06612 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06612, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 06612 in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 06612, 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 06612, CT

Nearby Markets to 06612, CT