Is 06824, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06824 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 06824 has remained a Seller's Market.

Key Takeaway

06824 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06824, CT

How much do homes in 06824, CT cost?

Median Sold Price

$999,554

$430/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$74,554(+8.1%)

Key Takeaway

Homes in 06824 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 06824 was $999,554 in September 2024, up 8.1% from last year, and the median price per square foot was $430.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $320K$425.7K
+33.0%
2 $470K$553K
+17.7%
3 $723K$760K
+5.1%
4 $1.1M$1.3M
+18.7%
5+ $1.6M$1.7M
+5.3%

Summary: 06824 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

06890
+14.7%
06605
+13.5%
06825
+9.3%
06824
+8.1%
06880
+3.8%

Housing Supply in 06824, CT

How many homes are available in 06824, CT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
126142+12.7%

Summary: The 06824 real estate market had 142 homes for sale in September 2024, a 12.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 77
0.0%
3 4346
+7.0%
4 4652
+13.0%
5+ 2935
+20.7%

Summary: The 06824 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 20.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3127-12.9%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06824, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 06824 in September 2024, down by 12.9% month-over-month. Of the 27 sold homes, 59% were sold under asking, 4% were sold at asking, and 37% were sold over asking.

Days on Market for 06824, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in 06824, CT

Nearby Markets to 06824, CT