Is 06811, 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, 06811 has remained a Seller's Market.
Key Takeaway
06811 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06811, CT
How much do homes in 06811, CT cost?
Median Sold Price
$433,333
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06811 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 06811 was $433,333 in March 2024, up 2% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181.7K | $190K | +4.5% |
| 2 Bedrooms | $305K | $340K | +11.5% |
| 3 Bedrooms | $430K | $449.5K | +4.5% |
| 4 Bedrooms | $592.5K | $600K | +1.3% |
| 5+ Bedrooms | $630K | $583.5K | -7.4% |
Summary: 06811 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 06811, CT
How many homes are available in 06811, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 69 | -5.5% |
Summary: The 06811 real estate market had 69 homes for sale in March 2024, a 5.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 26 | 21 | -19.2% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 06811 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06811, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 06811 in March 2024, the same as the previous month. Of the 18 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.
Days on Market for 06811, CT
We’re sorry, we don't have information for this market at the moment
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