Oakdale, CT 06370 Real Estate Market Report

ZIP Code: 06370
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Oakdale, CT stands at $359,000, reflecting a robust market despite the elevated inventory levels. The neighborhood has increased 15% since 2023, indicating strong price appreciation that significantly outpaces the national stabilization trend. This upward trajectory in sold prices suggests a competitive environment where homes are selling at or near asking prices, driven by a severe shortage of available housing inventory.

Current market conditions reveal a median days on market of 240, which indicates a slower sales velocity. Elevated inventory levels relative to sales activity may suggest a potential for pricing friction, as buyers may take longer to commit in the face of increased supply. The market temperature remains hot, fueled by sustained demand amidst constrained supply, which continues to favor sellers in this dynamic environment.

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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 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 Oakdale CT average around 6.15% compared to the 2025 average of 5.37% (estimated from national trend), indicating property owners locked in a favorable rate last year.

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. The median listing price is $787,450, indicating a significant gap compared to the median sold price of $359,000, suggesting potential pricing friction in the market.

2. The median days on market is 240, reflecting a slower sales velocity that may indicate cautious buyer sentiment amidst elevated inventory levels.

3. The median market rent is $1,878, which is up year-over-year, signaling a strengthening rental market that may attract investors looking for rental opportunities.

4. The property tax rate is 2.78%, which may impact overall affordability and buyer decisions in the current market environment.

5. Current interest rate pressure is elevated, with mortgage rates averaging around 6.15%, potentially influencing buyer purchasing power and market dynamics.

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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.