Is 06716, 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, 06716 has remained a Seller's Market.
Key Takeaway
06716 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06716, CT
How much do homes in 06716, CT cost?
Median Sold Price
$350,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06716 have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in 06716 was $350,000 in March 2024, up 16.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $307.5K | +86.5% |
| 2 Bedrooms | $221K | $270K | +22.2% |
| 3 Bedrooms | $311K | $340K | +9.3% |
| 4 Bedrooms | $370K | $420K | +13.5% |
| 5+ Bedrooms | $431K | $396.2K | -8.1% |
Summary: 06716 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.5%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 06716, CT
How many homes are available in 06716, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The 06716 real estate market had 36 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 06716 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06716, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 06716 in March 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 06716, CT
We’re sorry, we don't have information for this market at the moment
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