Is 06776, 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, 06776 has remained a Seller's Market.
Key Takeaway
06776 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06776, CT
How much do homes in 06776, CT cost?
Median Sold Price
$426,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06776 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 06776 was $426,500 in April 2024, up 9.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.7K | $164.5K | +9.1% |
| 2 Bedrooms | $257K | $269K | +4.7% |
| 3 Bedrooms | $390K | $418.5K | +7.3% |
| 4 Bedrooms | $495K | $563K | +13.7% |
| 5+ Bedrooms | $505K | $705K | +39.6% |
Summary: 06776 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 39.6%.
Median Sold Price Compared To Nearby Zip Codes
| 06784 | $585K | $718.7K | +22.9% |
| 06752 | $616.4K | $691.5K | +12.2% |
| 06776 | $390K | $426.5K | +9.4% |
Housing Supply in 06776, CT
How many homes are available in 06776, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 87 | -13.9% |
Summary: The 06776 real estate market had 87 homes for sale in April 2024, a 13.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 37 | 33 | -10.8% |
| 4 Bedrooms | 31 | 25 | -19.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 06776 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06776, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 06776 in April 2024, down by 21.4% month-over-month. Of the 22 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market for 06776, CT
We’re sorry, we don't have information for this market at the moment
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