Lakeville, CT 06039 Real Estate Market Report

ZIP Code: 06039
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 primary market value indicator is the median sold price 765,000, which signals price stability with a slight upward trend and should be treated as the representative recent sale benchmark for pricing decisions (up price momentum).

2. Despite the stable median sold price, the market shows slower sales velocity as evidenced by the median days on market 302, which may indicate pricing friction or a longer decision cycle for buyers (longer time to close) and suggests sellers should set realistic expectations on time to contract.

3. Pricing quality is supported by a median price per square foot of 312, which provides a reliable unit-value reference for comparative pricing of single-family and condominium listings; use this as the primary per-foot comparator when evaluating comps (representative per-sqft benchmark).

4. Rental demand is softening with median market rent 4,500 and a rent year-over-year trend of down, while interest rate pressure is moderate and market temperature is neutral; together these signals suggest the market is transitioning from a strong seller's posture toward greater balance, so price positioning should prioritize realism to maintain liquidity.

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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.