Real Estate Market Update for 06468 (Monroe, CT)

Video: Real Estate Community Tour for 06468 (Monroe, CT)

See Real estate community tour for 06468 (Monroe, CT)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 24% from one year earlier, and down 13% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 420-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 13%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 260-thousand dollars. The number of units sold increased 80% year-over-year, and increased more than 150% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 06468 (Monroe, CT)
Area Information for 06468 (Monroe, CT)
  • Population: 19,619
  • Median Age: 44.39 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 752/sq mi
  • Population Change Since 2000: 1.98%
  • Closest Airport: Tweed-new Haven
  • Closest College: Sacred Heart University
  • Closest Jr. College: St Vincents College
  • Median Household Income: $110,853
  • Annual Residential Turnover: 3%
  • Median Home Sales Price: $312,500
  • Closest Major Sports Team: New Britain Rock Cats (aa)
  • Change Avg. Household Income Since 2000: 39.58%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 06468 (Monroe, CT)
Median Age: 44.39 Married: 50% Number of Households: 6,783 Households with Children: 2,528
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 06468 (Monroe, CT)

      School Name Distance Type Grades School Rating Parent Rating
      Fawn Hollow Elementary School 0.6 mi Public K-5 5 0
      Jockey Hollow School 0.7 mi Public 7-8 4 0
      Jockey Hollow Stem Program 0.7 mi Public 7-8 0 0
      St Jude School 1.1 mi Catholic PRESCHOOL-8 0 0
      Kindercare Learning Center Inc 1.4 mi Private PRESCHOOL-K 0 0
      Masuk High School 1.6 mi Public 9-12 5 4
      Stepney Elementary School 1.9 mi Public K-5 5 3
      Monroe Elementary School 2.0 mi Public PRESCHOOL-5 5 0
      St Dominic's Academy 2.3 mi Catholic K-12 0 0
      Magic Kingdom Day Nursery & Kindergarten 2.5 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by School Review data by
      Local Weather for 06468 (Monroe, CT)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.