Is 06704, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 06704 has remained a Seller's Market.
Key Takeaway
06704 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06704, CT
How much do homes in 06704, CT cost?
Median Sold Price
$250,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 06704 have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in 06704 was $250,000 in May 2024, up 16.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | $97K | +17.6% |
| 2 Bedrooms | $130K | $173.5K | +33.5% |
| 3 Bedrooms | $217K | $250K | +15.2% |
| 4 Bedrooms | $250K | $253.5K | +1.4% |
| 5+ Bedrooms | $265K | $327.5K | +23.6% |
Summary: 06704 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 33.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 23.6%.
Housing Supply in 06704, CT
How many homes are available in 06704, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 73 | +9.0% |
Summary: The 06704 real estate market had 73 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 06704 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06704, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 06704 in May 2024, up by 36.4% month-over-month. Of the 15 sold homes, 13% were sold under asking, 20% were sold at asking, and 67% were sold over asking.
Days on Market for 06704, CT
We’re sorry, we don't have information for this market at the moment
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