Hartford, CT 06120 Real Estate Market Report

ZIP Code: 06120
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The Hartford, CT market, specifically in ZIP 06120, has demonstrated a robust performance with a median sold price of $199,900. This reflects a strong market environment characterized by significant price appreciation. The market remains very hot, with a notable 400 days as the median days on market, indicating a slower sales velocity despite the elevated prices. The current market dynamics suggest that while sellers still hold the advantage, there may be a gradual shift towards a more balanced market as affordability improves, albeit with overall affordability projections for the metro area worsening.

With elevated inventory levels relative to sales activity, the market is experiencing moderate transaction volume. The median price per square foot stands at $117.04, reinforcing the upward trend in property values. Additionally, the median market rent has also increased to $1,824, further highlighting the demand for housing in the area. Overall, while the market is currently favorable for sellers, the anticipated changes in affordability may influence future market conditions.

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 06120 area average around 6.25% to 6.75%, which is 0.45% to 0.55% higher than the 5.8% average seen a year ago in 2025, indicating a less favorable refinancing environment for recent borrowers.

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

---

Key Findings

1. The median sold price of $199,900 indicates strong demand and price appreciation in the Hartford market.

2. With 400 days as the median days on market, the market is experiencing slower sales velocity despite elevated prices.

3. The median price per square foot of $117.04 reflects ongoing price strength in the area, suggesting increasing property values.

4. The median market rent has risen to $1,824, indicating a strong rental demand that supports overall market stability.

5. Current interest rates are elevated, averaging between 6.25% and 6.75%, which may create pressure on affordability for potential buyers.

---

Notable Properties

The following 6 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.