Is 06902, 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, 06902 has remained a Seller's Market.
Key Takeaway
06902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06902, CT
How much do homes in 06902, CT cost?
Median Sold Price
$473,450
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06902 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 06902 was $473,450 in March 2024, up 6% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $229K | +10.4% |
| 2 Bedrooms | $345K | $369K | +7.0% |
| 3 Bedrooms | $603.2K | $637.5K | +5.7% |
| 4 Bedrooms | $820K | $965K | +17.7% |
| 5+ Bedrooms | $861.5K | $1.1M | +36.5% |
Summary: 06902 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 36.5%.
Housing Supply in 06902, CT
How many homes are available in 06902, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 128 | 132 | +3.1% |
Summary: The 06902 real estate market had 132 homes for sale in March 2024, a 3.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 20 | -4.8% |
| 2 Bedrooms | 51 | 53 | +3.9% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The 06902 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06902, you could pay more than the asking price. 48.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in 06902 in March 2024, down by 2.9% month-over-month. Of the 33 sold homes, 33% were sold under asking, 18% were sold at asking, and 48% were sold over asking.
Days on Market for 06902, CT
We’re sorry, we don't have information for this market at the moment
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