Is 06905, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 06905 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 06905 has remained a Seller's Market.

Key Takeaway

06905 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 06905, CT

How much do homes in 06905, CT cost?

Median Sold Price

$648,000

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$58,000(+9.8%)

Key Takeaway

Homes in 06905 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 06905 was $648,000 in February 2024, up 9.8% from last year, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $297.5K$370K
+24.4%
2 $425K$492K
+15.8%
3 $610K$685K
+12.3%
4 $695K$850K
+22.3%
5+ $935K$995K
+6.4%

Summary: 06905 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Zip Codes

06901
+11.1%
06905
+9.8%
06902
+6.8%
06906
+5.0%

Housing Supply in 06905, CT

How many homes are available in 06905, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4245+7.1%

Summary: The 06905 real estate market had 45 homes for sale in February 2024, a 7.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 56
+20.0%
2 1216
+33.3%
3 1512
-20.0%
4 44
0.0%
5+ 67
+16.7%

Summary: The 06905 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 06905, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 06905 in February 2024, up by 33.3% month-over-month. Of the 12 sold homes, 8% were sold under asking, 8% were sold at asking, and 83% were sold over asking.

Days on Market for 06905, 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 06905, CT

Nearby Markets to 06905, CT