Is 06704, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 06704 was a Seller's Market.
Key Takeaway
06704 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06704, CT
How much do homes in 06704, CT cost?
Median Sold Price
$242,500
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06704 have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in 06704 was $242,500 in March 2024, up 15.5% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | $97.5K | +18.2% |
| 2 Bedrooms | $125K | $170K | +36.0% |
| 3 Bedrooms | $215K | $243K | +13.0% |
| 4 Bedrooms | $246.7K | $260K | +5.4% |
| 5+ Bedrooms | $245K | $325K | +32.7% |
Summary: 06704 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 36%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 32.7%.
Housing Supply in 06704, CT
How many homes are available in 06704, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 64 | +4.9% |
Summary: The 06704 real estate market had 64 homes for sale in March 2024, a 4.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 06704 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06704, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in 06704 in March 2024, down by 35.7% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for 06704, CT
We’re sorry, we don't have information for this market at the moment
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