Is 06798, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 06798 was a Buyer's Market.
Key Takeaway
06798 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 06798, CT
How much do homes in 06798, CT cost?
Median Sold Price
$397,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06798 have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in 06798 was $397,500 in April 2024, down 5.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $219K | -31.6% |
| 2 Bedrooms | $213.7K | $247.7K | +15.9% |
| 3 Bedrooms | $430K | $395K | -8.1% |
| 4 Bedrooms | $612.7K | $615K | 0.4% |
| 5+ Bedrooms | $740K | $792.5K | +7.1% |
Summary: 06798 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.6%, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 06798, CT
How many homes are available in 06798, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The 06798 real estate market had 47 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 10 | +100.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 06798 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06798, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 06798 in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 06798, CT
We’re sorry, we don't have information for this market at the moment
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