Lakeville, CT 06039 Real Estate Market Report

ZIP Code: 06039
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Lakeville, CT is characterized by a median sold price of $817,000, reflecting the actual transaction values in the area. This price indicates a stable market environment, although it is essential to note that the overall market has shown a down trend in pricing. The market appears to be experiencing a neutral temperature, suggesting a balance between buyer and seller activities, but with some signs of cooling as evidenced by the recent price movements.

The median days on market stands at an extended 317 days, indicating slower sales velocity and potentially a shift in buyer sentiment. Elevated interest rates may be contributing to this trend, leading to longer timeframes for properties to sell. With elevated inventory levels relative to sales, the market is leaning towards a state of excess supply, which may further influence pricing dynamics and buyer negotiations in the coming months.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $817,000 reflects a market that is currently experiencing down pricing trends.

2. With a median days on market of 317, properties are taking significantly longer to sell, indicating slower sales velocity.

3. The market temperature is assessed as neutral, suggesting a balance between buyer and seller activities despite some cooling trends.

4. Elevated interest rates are contributing to elevated interest rate pressure, which may affect buyer purchasing power.

5. The median market rent of $9,429 suggests a strong rental market, with rents trending up year-over-year.

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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.