Is Prospect, CT 06712 a buyer’s or seller’s market?

The Prospect housing market right now

In the three months ending August 31, 2026, 47% of homes in Prospect, CT 06712 sold above their list price, the typical home went under contract in 49 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 35 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 56%, homes sold more slowly (45 days then) and the median sale price rose 17% to $522,274. Overall, Prospect is less competitive than a year ago, which gives buyers more room.

Within New Haven County, homes here sell more slowly than in 85% of the county’s ZIP codes, and sell less often over asking than in 77%. On our competition score, Prospect ranks #162 of 197 CT ZIP codes with enough sales (score 74 out of 100).

Nearby, buyers who want less competition could look at New Haven 06510 (0% sold over asking) or Middlebury 06762 (30% sold over asking), while Northford 06472 (87% sold over asking) and North Haven 06473 (69% sold over asking) are even more competitive.