Is 06890, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06890 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 06890 was a Neutral Market.

Key Takeaway

06890 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 06890, CT

How much do homes in 06890, CT cost?

Median Sold Price

$1,267,500

$431/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$85,000(+7.2%)

Key Takeaway

Homes in 06890 have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in 06890 was $1,267,500 in February 2024, up 7.2% from last year, and the median price per square foot was $431.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $475K$485K
+2.1%
3 $796.5K$730K
-8.3%
4 $1.4M$1.3M
-7.5%
5+ $2.0M$2.2M
+11.9%

Summary: 06890 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Zip Codes

06824
+9.2%
06890
+7.2%
06880
+3.2%

Housing Supply in 06890, CT

How many homes are available in 06890, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2013-35.0%

Summary: The 06890 real estate market had 13 homes for sale in February 2024, a 35.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 85
-37.5%
4 21
-50.0%
5+ 97
-22.2%

Summary: The 06890 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06890, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 06890 in February 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 06890, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 06890, CT

Nearby Markets to 06890, CT