Is 06705, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 06705 has remained a Seller's Market.
Key Takeaway
06705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06705, CT
How much do homes in 06705, CT cost?
Median Sold Price
$230,429
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06705 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 06705 was $230,429 in March 2024, up 12.4% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $205K | +49.1% |
| 2 Bedrooms | $158.8K | $189.9K | +19.5% |
| 3 Bedrooms | $216K | $260K | +20.4% |
| 4 Bedrooms | $245K | $252.5K | +3.1% |
| 5+ Bedrooms | $290K | $347.5K | +19.8% |
Summary: 06705 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.1%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 19.8%.
Housing Supply in 06705, CT
How many homes are available in 06705, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The 06705 real estate market had 47 homes for sale in March 2024, a 4.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 06705 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06705, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 06705 in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for 06705, CT
We’re sorry, we don't have information for this market at the moment
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