Is 06824, 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, 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
$990,000
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06824 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 06824 was $990,000 in March 2024, up 10.6% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $316K | $425K | +34.5% |
| 2 Bedrooms | $465K | $595.3K | +28.0% |
| 3 Bedrooms | $724K | $746K | +3.0% |
| 4 Bedrooms | $1.1M | $1.2M | +9.1% |
| 5+ Bedrooms | $1.5M | $1.7M | +7.8% |
Summary: 06824 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.5%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in 06824, CT
How many homes are available in 06824, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 85 | 112 | +31.8% |
Summary: The 06824 real estate market had 112 homes for sale in March 2024, a 31.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 19 | 26 | +36.8% |
| 4 Bedrooms | 34 | 40 | +17.6% |
| 5+ Bedrooms | 25 | 38 | +52.0% |
Summary: The 06824 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 52%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 24 | +118.2% |
Asking Price vs. Sold Price
14 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 06824, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 06824 in March 2024, up by 118.2% month-over-month. Of the 24 sold homes, 58% were sold under asking, 4% were sold at asking, and 38% were sold over asking.
Days on Market for 06824, CT
We’re sorry, we don't have information for this market at the moment
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