Is 06787, 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, 06787 has remained a Seller's Market.
Key Takeaway
06787 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06787, CT
How much do homes in 06787, CT cost?
Median Sold Price
$280,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06787 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 06787 was $280,000 in March 2024, up 9.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239K | - | N/A |
| 2 Bedrooms | $161.5K | $175K | +8.4% |
| 3 Bedrooms | $267.5K | $290K | +8.4% |
| 4 Bedrooms | $302.4K | $440K | +45.5% |
| 5+ Bedrooms | $338.3K | $285K | -15.8% |
Summary: 06787 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 15.8%.
Housing Supply in 06787, CT
How many homes are available in 06787, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The 06787 real estate market had 15 homes for sale in March 2024, a 36.4% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06787 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 75%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06787, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 06787 in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 06787, CT
We’re sorry, we don't have information for this market at the moment
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