Southbury 06488

New Haven County, CT · 10,262 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

60affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
24.5%
affordable
Days on market
120
daily
Price cuts
16.4%
of active
Valuation
-22.7%
vs assessor
Look up an address
64
/100
stable
stable · balanced · prices easing year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

60/ 100SellerBalancedBuyer
Negotiate Hard
DOM: 77d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)0
Valuation Gap (25%)80
Supply & Demand (20%)100
Buy vs Rent (15%)75
Cancellation Rate (10%)50
Days on Market (5%)75

Moderate buyer leverage in 06488. Room to negotiate 5-10% below list. Payment burden: 24.5% of median income. Median days on market: 77. Renting is approximately 79% cheaper than buying (price-to-rent ratio: 21.5). Market appears 15% overpriced vs. assessed values.

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$453,667
▾ 0.1% YoY
Days on market
120
daily · zip_data
Median rent
$1,757
ZORI
Investor score
46/100
cash-flow lens
Active listings
107
90-day

Valuation3 lenses, different anchors

vs assessor
-22.7%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$350,700
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
County-wide market — the widest, slowest signal.
New Haven
Lotvox comps · mv_valuation_gap

Read together: Anchors disagree because they measure different things — read each on its own terms.
Pricing detail
Price / sqft$186
Price-to-income4.0×

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How 06488 ranks in CT
percentile vs all CT ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

13SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply13.4 mo
Days on Market120d
Inv vs History-5.3%
Listing Density--
Market dynamics
Price cut %16.4%
Momentumstable
LeverageBALANCED
Months of supply13.4
Sales (90d)0
Investment analysis
Median rent$1,757
Price-to-rent21.5
Est. cap rate3.0%
Buy vs rentfavors renting

Livability

Walk score2
Transit score2
Bike score

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New Haven County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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