Is 06820, 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, 06820 was a Seller's Market.
Key Takeaway
06820 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 06820, CT
How much do homes in 06820, CT cost?
Median Sold Price
$1,850,000
$581/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06820 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 06820 was $1,850,000 in April 2024, up 9.8% from last year, and the median price per square foot was $581.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $570K | $640K | +12.3% |
| 2 Bedrooms | $815K | $860K | +5.5% |
| 3 Bedrooms | $1.1M | $1.2M | +13.6% |
| 4 Bedrooms | $1.6M | $1.8M | +9.5% |
| 5+ Bedrooms | $2.6M | $2.9M | +14.6% |
Summary: 06820 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in 06820, CT
How many homes are available in 06820, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 67 | +15.5% |
Summary: The 06820 real estate market had 67 homes for sale in April 2024, a 15.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 26 | 35 | +34.6% |
Summary: The 06820 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 34.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06820, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 06820 in April 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 06820, CT
We’re sorry, we don't have information for this market at the moment
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