Is Preston, CT 06365 a buyer’s or seller’s market?

The Preston housing market right now

In the three months ending August 31, 2026, 50% of homes in Preston, CT 06365 sold above their list price, the typical home went under contract in 34 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 62%, homes sold more slowly (28 days then) and the median sale price rose 10% to $433,562. Overall, Preston is less competitive than a year ago, which gives buyers more room.

Within New London County, homes here sell more slowly than in 59% of the county’s ZIP codes, and sell less often over asking than in 63%. On our competition score, Preston ranks #176 of 197 CT ZIP codes with enough sales (score 68 out of 100).

Nearby, buyers who want less competition could look at Hadlyme 06439 (0% sold over asking) or Hanover 06350 (0% sold over asking), while Uncasville 06382 (75% sold over asking) and Voluntown 06384 (73% sold over asking) are even more competitive.