Is 06705, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 06705 has remained a Seller's Market.
Key Takeaway
06705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 06705, CT
How much do homes in 06705, CT cost?
Median Sold Price
$231,287
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 06705 have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in 06705 was $231,287 in April 2024, up 12.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $200K | +45.5% |
| 2 Bedrooms | $160K | $189.9K | +18.7% |
| 3 Bedrooms | $216K | $260K | +20.4% |
| 4 Bedrooms | $265K | $250K | -5.7% |
| 5+ Bedrooms | $291.2K | $325K | +11.6% |
Summary: 06705 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 20.4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in 06705, CT
How many homes are available in 06705, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 63 | +21.2% |
Summary: The 06705 real estate market had 63 homes for sale in April 2024, a 21.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 23 | 31 | +34.8% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 06705 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 34.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 06705, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 06705 in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for 06705, CT
We’re sorry, we don't have information for this market at the moment
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