06355 Housing Market Report January 2025•New London County, Connecticut

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Housing Prices in 06355, CT

How much do homes in 06355, CT cost?

Housing Market Conditions

Is 06355, CT a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

06355 is a Seller's Market

Difference Since January 2024

Since last year, 06355 has remained a Seller's Market.

Insight

06355 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$500,000$301/SqFt
-$20,000
-3.8%

Based on all homes sold in the last 12 months

Insight

Homes in 06355 have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in 06355 was $500,000 in January 2025, down 3.8% from last year, and the median price per square foot was $301.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
06340
+16.7%
06339
+13.0%
06378
+5.2%
06355
-3.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$750K-
N/A
2$420K$445K
+6.0%
3$510K$475K
-6.9%
4$632.5K$525K
-17.0%
5$550K$1.1M
+101.4%

Summary: 06355 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.0%. The home price for 3 bedroom homes decreased by -6.9%. The home price for 4 bedroom homes decreased by -17.0%. The home price for 5 bedroom homes increased by +101.4%.

Housing supply in 06355, CT

How many homes are available in 06355, CT?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
33Last MonthJan 2025
432 months agoDec 2024
-23.3 %
Change MoMDec – Jan

Summary: The 06355 real estate market had 33 homes for sale in Jan 2025, a 23.3 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthJan 2025
192 months agoDec 2024
-63.2 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
2812
+50.0%
32114
-33.3%
4104
-60.0%
543
-25.0%

Summary: 06355 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes decreased by -60.0%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in 06355, CT cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in 06355, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 06355 in January 2025, down by 63.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and and 71% were sold over asking.

Days on Market for 06355, CT

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in 06355, CT

What homes are available in 06355, CT?

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MLS Disclaimers and Copyright

Based on information from SmartMLS, and Rhode Island State Wide MLS for the period 02/01/2023 - 02/01/2025

IDXCopyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 5:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 5:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.