Is 06907, 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, 06907 has remained a Seller's Market.
Key Takeaway
06907 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06907, CT
How much do homes in 06907, CT cost?
Median Sold Price
$579,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 06907 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 06907 was $579,000 in March 2024, up 5.5% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $230K | +15.0% |
| 2 Bedrooms | $405K | $478K | +18.0% |
| 3 Bedrooms | $593K | $630.5K | +6.3% |
| 4 Bedrooms | $710K | $805K | +13.4% |
| 5+ Bedrooms | $919.5K | $850K | -7.6% |
Summary: 06907 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 06907, CT
How many homes are available in 06907, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The 06907 real estate market had 28 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 06907 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 decreased by 10%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06907, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 06907 in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 13% were sold at asking, and 88% were sold over asking.
Days on Market for 06907, CT
We’re sorry, we don't have information for this market at the moment
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