Coming soon
$6,531 Closing Credit¹
#24088824, Renee Mascia, Listing Office: RE/MAX Right Choice
06488 Housing Market Report March 2025•New Haven County, Connecticut
Housing Prices in 06488, CT
How much do homes in 06488, CT cost?
Housing Market Conditions
Is 06488, CT a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
06488 is a Seller's Market
Difference Since March 2024
Since last year, 06488 has remained a Seller's Market.
Insight
06488 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$392,000$242/SqFt
+$41,800
+11.9%
Based on all homes sold in the last 12 months
Insight
Homes in 06488 have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in 06488 was $392,000 in March 2025, up 11.9% from last year, and the median price per square foot was $242.
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $214.9K | $234.5K | +9.1% |
| 22 Bedrooms | $275K | $319K | +16.0% |
| 33 Bedrooms | $442.5K | $472.4K | +6.8% |
| 44 Bedrooms | $650K | $720K | +10.8% |
| 55+ Bedrooms | $867.5K | $870K | 0.3% |
Summary: 06488 housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +9.1%. The home price for 2 bedroom homes increased by +16.0%. The home price for 3 bedroom homes increased by +6.8%. The home price for 4 bedroom homes increased by +10.8%. The home price for 5 bedroom homes increased by 0.3%.
How does 06488, CT compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
06488, CT
Housing supply in 06488, CT
How many homes are available in 06488, CT?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 163Last MonthMar 2025 | ||
| 1512 months agoFeb 2025 | +7.9 % Change MoMFeb – Mar |
Summary: The 06488 real estate market had 163 homes for sale in Mar 2025, a 7.9 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 31Last MonthMar 2025 | ||
| 242 months agoFeb 2025 | +29.2 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 14 | 19 | +35.7% |
| 22 Bedrooms | 75 | 81 | +8.0% |
| 33 Bedrooms | 34 | 38 | +11.8% |
| 44 Bedrooms | 20 | 20 | 0.0% |
| 55+ Bedrooms | 8 | 5 | -37.5% |
Summary: 06488 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +35.7%. The inventory for 2 bedroom homes increased by +8.0%. The inventory for 3 bedroom homes increased by +11.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -37.5%.
Asking Price vs. Sold Price
How much do homes in 06488, CT cost?
Over Asking Price6 Homes
At Asking Price6 Homes
Under Asking Price19 Homes
Insight
If you're buying a home in 06488, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 06488 in March 2025, up by 29.2% month-over-month. Of the 31 sold homes, 61% were sold under asking, 19% were sold at asking, and and 19% were sold over asking.
Days on Market for 06488, CT
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in 06488, CT
What homes are available in 06488, CT?
Coming soon
$8,786 Closing Credit¹
#24088637, Nancy Langrock, Listing Office: William Raveis Real Estate
Coming soon
$6,234 Closing Credit¹
#24088748, Danielle Rownin, Listing Office: Keller Williams Realty
3 days on Rocket
$3,977 Closing Credit¹
#24088213, Kathy Hamilton, Listing Office: Berkshire Hathaway NE Prop.
4 days on Rocket
$3,788 Closing Credit¹
#24087850, Shawna Mucherino, Listing Office: Coldwell Banker Realty
6 days on Rocket
#24088289, Joel Matson, Listing Office: Divine Realty, LLC
$4,749 Closing Credit¹
#24085128, Justin Bette, Listing Office: Joseph Bette REALTORS Inc
$2,375 Closing Credit¹
#24084124, Scott Hellriegel, Listing Office: Berkshire Hathaway NE Prop.
$9,024 Closing Credit¹
#24085734, Monica Palmerie, Listing Office: RE/MAX RISE
Backup offers
$3,266 Closing Credit¹
#24085663, Ron Nettleton, Listing Office: William Raveis Real Estate
$4,155 Closing Credit¹
#24087256, Joel Matson, Listing Office: Divine Realty, LLC
$7,124 Closing Credit¹
#24087250, Joel Matson, Listing Office: Divine Realty, LLC
Popular Cities with Homes for Sale in Connecticut
- Homes for sale in Stamford, CT
- Homes for sale in Shelton, CT
- Homes for sale in Danbury, CT
- Homes for sale in Trumbull, CT
- Homes for sale in Norwalk, CT
- Homes for sale in West Hartford, CT
- Homes for sale in Waterbury, CT
- Homes for sale in Stratford, CT
- Homes for sale in Bristol, CT
- Homes for sale in Milford, CT
- Homes for sale in Manchester, CT
- Homes for sale in Greenwich, CT
- Homes for sale in Bridgeport, CT
- Homes for sale in New Milford, CT
- Homes for sale in New Canaan, CT
- Homes for sale in Hamden, CT
- Homes for sale in Fairfield, CT
- Homes for sale in Westport, CT
- Homes for sale in Torrington, CT
- Homes for sale in New Haven, CT
- Homes for sale in Hartford, CT
MLS Disclaimers and Copyright
Based on information from SmartMLS, and OneKey MLS for the period 04/01/2023 - 04/01/2025
Copyright © 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: 4/21/2025, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of OneKey MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/20/2025, 11:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.