Hartford, CT 06114 Real Estate Market Report

ZIP Code: 06114
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Hartford, CT (ZIP: 06114) is $277,450, reflecting the actual market transactions and providing a clear indicator of current market value. Despite the broader Hartford metro area experiencing a hot market, this specific ZIP code shows signs of cooling, with a notable year-over-year price decline. The market appears to be under pressure, as indicated by the 239 days on market, suggesting slower sales velocity and potential pricing friction for sellers.

Additionally, the elevated inventory levels indicate excess supply relative to sales activity, which may further contribute to the cooling trend in this area. The median market rent has reached $1,824, indicating strong demand for rental properties, which contrasts with the declining sales prices. This divergence highlights a complex market dynamic where rental demand remains robust even as home sales slow down.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Hartford CT market average around 6.22% to 6.75%, which is higher than the 6.67% average seen one year ago in March 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $277,450 is the median sold price, indicating a potential decline in market value compared to previous periods.

2. The 239 days on market suggests a slower sales velocity, indicating that properties are taking longer to sell.

3. With elevated inventory levels, there is excess supply relative to sales activity, which may pressure prices further.

4. The median market rent of $1,824 shows a strong demand for rentals, contrasting with the softening sales prices.

5. Current mortgage rates range from 6.22% to 6.75%, which is higher than last year's average, contributing to moderate interest rate pressure on buyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.