Is 06784, 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, 06784 has remained a Seller's Market.
Key Takeaway
06784 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06784, CT
How much do homes in 06784, CT cost?
Median Sold Price
$737,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06784 have sold for 23.9% more than they did a year ago.
Summary: The median home sold price in 06784 was $737,500 in March 2024, up 23.9% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221.5K | $210K | -5.2% |
| 2 Bedrooms | $405K | $635K | +56.8% |
| 3 Bedrooms | $616K | $592K | -3.9% |
| 4 Bedrooms | $679K | $1.0M | +51.7% |
| 5+ Bedrooms | $880K | $1.0M | +14.8% |
Summary: 06784 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 56.8%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 51.7%, and 5+ bedroom homes increased by 14.8%.
Housing Supply in 06784, CT
How many homes are available in 06784, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The 06784 real estate market had 29 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 06784 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 40%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 06784, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 06784 in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for 06784, CT
How long does it take to sell a home in 06784, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 06784 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 06784; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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