Is 06854, 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, 06854 has remained a Seller's Market.
Key Takeaway
06854 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06854, CT
How much do homes in 06854, CT cost?
Median Sold Price
$525,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06854 have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in 06854 was $525,000 in April 2024, up 20.4% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $280K | +1.8% |
| 2 Bedrooms | $362.2K | $396K | +9.3% |
| 3 Bedrooms | $501.5K | $590.5K | +17.7% |
| 4 Bedrooms | $599.9K | $702.5K | +17.1% |
| 5+ Bedrooms | $623.4K | $701K | +12.4% |
Summary: 06854 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in 06854, CT
How many homes are available in 06854, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 62 | -18.4% |
Summary: The 06854 real estate market had 62 homes for sale in April 2024, a 18.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 9 | +80.0% |
| 2 Bedrooms | 26 | 14 | -46.2% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 06854 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes decreased by 46.2%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 31 | +158.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06854, you could pay more than the asking price. 67.7% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 06854 in April 2024, up by 158.3% month-over-month. Of the 31 sold homes, 26% were sold under asking, 6% were sold at asking, and 68% were sold over asking.
Days on Market for 06854, CT
We’re sorry, we don't have information for this market at the moment
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