Is 06901, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06901 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 06901 has remained a Seller's Market.

Key Takeaway

06901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06901, CT

How much do homes in 06901, CT cost?

Median Sold Price

$400,000

$389/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$31,000(+8.4%)

Key Takeaway

Homes in 06901 have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in 06901 was $400,000 in March 2024, up 8.4% from last year, and the median price per square foot was $389.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $281K$305K
+8.5%
2 $453K$490K
+8.2%
3 $842.5K$815K
-3.3%
4 --
N/A
5+ $552K-
N/A

Summary: 06901 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

06905
+9.8%
06901
+8.4%
06902
+6.0%

Housing Supply in 06901, CT

How many homes are available in 06901, CT?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1514-6.7%

Summary: The 06901 real estate market had 14 homes for sale in March 2024, a 6.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 56
+20.0%
3 52
-60.0%
4 11
0.0%
5+ 11
0.0%

Summary: The 06901 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06901, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 06901 in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 06901, 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 17 Days Ago

Newest Listings in 06901, CT

Nearby Markets to 06901, CT