Is 06851, 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, 06851 has remained a Seller's Market.
Key Takeaway
06851 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06851, CT
How much do homes in 06851, CT cost?
Median Sold Price
$575,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06851 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 06851 was $575,000 in March 2024, up 4.5% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $285K | +7.5% |
| 2 Bedrooms | $444.7K | $451K | +1.4% |
| 3 Bedrooms | $575K | $600K | +4.3% |
| 4 Bedrooms | $681.5K | $682K | 0.1% |
| 5+ Bedrooms | $645K | $985K | +52.7% |
Summary: 06851 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 52.7%.
Housing Supply in 06851, CT
How many homes are available in 06851, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 59 | +15.7% |
Summary: The 06851 real estate market had 59 homes for sale in March 2024, a 15.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 06851 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06851, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 06851 in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for 06851, CT
We’re sorry, we don't have information for this market at the moment
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