Is 06831, 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, 06831 has remained a Seller's Market.
Housing Prices in 06831, CT
How much do homes in 06831, CT cost?
Median Sold Price
$1,700,000
$532/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 06831 was $1,700,000 in March 2024, up 4.6% from last year, and the median price per square foot was $532.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | - | N/A |
2 Bedrooms | $1.0M | $810K | -21.0% |
3 Bedrooms | $936K | $1.2M | +28.2% |
4 Bedrooms | $1.5M | $1.7M | +15.7% |
5+ Bedrooms | $2.8M | $4.5M | +61.6% |
Summary: 06831 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 61.6%.
Housing Supply in 06831, CT
How many homes are available in 06831, CT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The 06831 real estate market had 26 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 8 | 5 | -37.5% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 06831 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 06831 in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for 06831, CT
How long does it take to sell a home in 06831, CT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 96 Days | +123.3% |
Summary: Homes in 06831 had an average of 96 days on market in Mar 2024, up by 123.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 06831; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.