Is Colchester, CT 06415 a buyer’s or seller’s market?

The Colchester housing market right now

In the three months ending August 31, 2026, 61% of homes in Colchester, CT 06415 sold above their list price, the typical home went under contract in 30 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 64 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 71%, homes sold more slowly (26 days then) and the median sale price rose 3% to $461,300. Overall, Colchester is less competitive than a year ago, which gives buyers more room.

Within New London County, homes here sell faster than in 59% of the county’s ZIP codes, and sell more often over asking than in 70%. On our competition score, Colchester ranks #81 of 197 CT ZIP codes with enough sales (score 87 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.