Is 06850, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 06850 has remained a Seller's Market.
Key Takeaway
06850 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06850, CT
How much do homes in 06850, CT cost?
Median Sold Price
$575,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06850 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 06850 was $575,000 in April 2024, up 13.3% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $251.5K | +11.8% |
| 2 Bedrooms | $361.2K | $380K | +5.2% |
| 3 Bedrooms | $525K | $606.2K | +15.5% |
| 4 Bedrooms | $810K | $777.5K | -4.0% |
| 5+ Bedrooms | $760K | $860K | +13.2% |
Summary: 06850 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in 06850, CT
How many homes are available in 06850, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 72 | +20.0% |
Summary: The 06850 real estate market had 72 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The 06850 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06850, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 06850 in April 2024, up by 18.2% month-over-month. Of the 13 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% were sold over asking.
Days on Market for 06850, CT
We’re sorry, we don't have information for this market at the moment
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