Is 06880, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 06880 was a Seller's Market.
Key Takeaway
06880 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 06880, CT
How much do homes in 06880, CT cost?
Median Sold Price
$1,900,000
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06880 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 06880 was $1,900,000 in March 2024, up 8.6% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $394K | $1.6M | +328.9% |
| 2 Bedrooms | $835K | $905K | +8.4% |
| 3 Bedrooms | $1.1M | $1.1M | 0.0% |
| 4 Bedrooms | $1.6M | $1.6M | +2.2% |
| 5+ Bedrooms | $2.7M | $2.8M | +1.4% |
Summary: 06880 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 328.9%, 2 bedroom homes increased by 8.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 06880, CT
How many homes are available in 06880, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 127 | +10.4% |
Summary: The 06880 real estate market had 127 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 60 | 67 | +11.7% |
Summary: The 06880 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 11.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06880, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 06880 in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.
Days on Market for 06880, CT
We’re sorry, we don't have information for this market at the moment
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