Is 06770, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 06770 has remained a Seller's Market.
Key Takeaway
06770 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06770, CT
How much do homes in 06770, CT cost?
Median Sold Price
$300,333
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06770 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 06770 was $300,333 in April 2024, up 5.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157K | $103K | -34.4% |
| 2 Bedrooms | $156.5K | $190K | +21.4% |
| 3 Bedrooms | $295K | $300K | +1.7% |
| 4 Bedrooms | $310K | $350K | +12.9% |
| 5+ Bedrooms | $325K | $367.5K | +13.1% |
Summary: 06770 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.4%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 13.1%.
Housing Supply in 06770, CT
How many homes are available in 06770, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 95 | +4.4% |
Summary: The 06770 real estate market had 95 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 52 | 50 | -3.8% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 06770 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 19 | -34.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06770, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 06770 in April 2024, down by 34.5% month-over-month. Of the 19 sold homes, 26% were sold under asking, 11% were sold at asking, and 63% were sold over asking.
Days on Market for 06770, CT
We’re sorry, we don't have information for this market at the moment
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