Is ZIP 06497, CT 06497 a buyer’s or seller’s market?
ZIP 06497 is a seller’s market. With about 1.8 months of supply and 71% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The 06497 housing market right now
In the three months ending August 31, 2026, 71% of homes in ZIP code 06497 sold above their list price, the typical home went under contract in 42 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 59%, homes sold about as fast and the median sale price rose 5% to $487,289. Overall, 06497 is more competitive than a year ago, so tougher for buyers.
Run the numbers for 06497
Questions about 06497 real estate
Is 06497 a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in ZIP code 06497 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in 06497?
The typical home went under contract in 42 days in the latest three months.
Do homes in 06497 sell over asking?
71% of homes sold above their original list price, and the typical sale closed at 103.9% of the list price.
What is the median home price in 06497?
The median sale price was $487,289 in the three months ending August 31, 2026, about $295 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology