Is 06807, 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, 06807 was a Buyer's Market.
Key Takeaway
06807 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06807, CT
How much do homes in 06807, CT cost?
Median Sold Price
$1,645,000
$547/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06807 have sold for 31.6% more than they did a year ago.
Summary: The median home sold price in 06807 was $1,645,000 in April 2024, up 31.6% from last year, and the median price per square foot was $547.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267K | - | N/A |
| 2 Bedrooms | $719K | $772.5K | +7.4% |
| 3 Bedrooms | $1.0M | $1.4M | +38.7% |
| 4 Bedrooms | $1.6M | $1.7M | +3.2% |
| 5+ Bedrooms | $1.3M | $2.5M | +89.5% |
Summary: 06807 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 38.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 89.5%.
Housing Supply in 06807, CT
How many homes are available in 06807, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Summary: The 06807 real estate market had 15 homes for sale in April 2024, a 21.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 0 | -100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 06807 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06807, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 06807 in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 06807, CT
We’re sorry, we don't have information for this market at the moment
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