Is 06804, 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, 06804 has remained a Seller's Market.
Key Takeaway
06804 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06804, CT
How much do homes in 06804, CT cost?
Median Sold Price
$516,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06804 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 06804 was $516,000 in March 2024, up 3.2% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196K | $212.4K | +8.4% |
| 2 Bedrooms | $370K | $375K | +1.4% |
| 3 Bedrooms | $475K | $515K | +8.4% |
| 4 Bedrooms | $616.7K | $697K | +13.0% |
| 5+ Bedrooms | $610K | $780K | +27.9% |
Summary: 06804 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 27.9%.
Housing Supply in 06804, CT
How many homes are available in 06804, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The 06804 real estate market had 49 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 06804 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06804, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 06804 in March 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for 06804, CT
We’re sorry, we don't have information for this market at the moment
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